What Are the Essential Parts of a Bill of Sale? These requirements differ from one state to another, so it’s best to check with local authorities before a significant transaction to see if a bill of sale is mandatory. The state requires that you issue one when you sell a vehicle or a branded animal, for example. On the other hand, there are certain situations when the bill of sale is mandatory. A bill of sale can be issued any time one of the parties demands it. The document represents an extra safety measure, especially if you also have it notarized.īut just because the item isn’t worth that much, it doesn’t mean you cannot sign such a document with the purchase. Private parties usually choose to issue a bill of sale when the transaction involves a valuable item. From household items or animals to boats and even aircraft, anything can be included in a bill of sale. The car bill of sale is one of the most frequently used, but the fact is people, and companies use bills of sale for many types of transactions. The bill of sale is a straightforward document, and it only needs a few essential elements that underline the sale.Īpart from the two parties and the item sold, it needs to mention the price, the payment methods, and the acknowledgment that the item is sold ‘as it is.’ It also contains all the relevant information on both parties involved, as well as the object of the transaction.Īll main aspects are clearly stated to avoid any misunderstandings or future conflicts. It is proof that the ownership of the items was transferred from the seller to the buyer. The bill of sale is the document you draft with any significant transaction.

Using a bill of sale template makes sure your document is complete and accurate and can be notarized and applied for registration purposes, if necessary.

With that in mind, it’s best to create this document as carefully as possible. If the state requires it, the bill of sale can be notarized. That document is the bill of sale, and it can be used for any sort of purchase, especially if it’s a valuable item. With all the different types of transactions that take place, especially between private parties, it’s crucial to have a testifying document to the terms of the purchase. Read this article on CocoSign to see all you need to know about it.

The vehicle bill of sale is a mandatory document if you want to sell a car in the state of Washington.

Free florida car bill of sale template