• December 2018
    M T W T F S S
    « Nov    
     12
    3456789
    10111213141516
    17181920212223
    24252627282930
    31  

What you need to know about
Bill of Sale



A bill of sale creates an official record for the purchase or sale of a piece of personal property.

Uses

  • Purchasing valuable goods
  • Selling valuable goods

Overview

Whenever you buy or sell something, it’s always a good idea to get legal documentation of the exchange. A bill of sale is a document that legally transfers ownership of goods from one person or business to another. Bills of sale are very common legal documents that are used in many different transactions involving the exchange of goods.

A bill of sale is typically used to transfer property where the original owner retains possession of the goods for some time. Because the buyer did not walk off with the property after paying for it, he or she needs some other way to prove their legal claim. As a result, it is often a good idea to execute a bill of sale for goods purchased on lay away or as part of some more complex exchange. In the event that there is a future dispute about the legal ownership of your property, a bill of sale may help you prove your rights in court. In some cases, a bill of sale is required by law. For example, most jurisdictions require a bill of sale to record the transfer of an automobile from one person to another. However, even in situations where a bill of sale is not required for the legal transfer of personal property, it is best practice to use these documents for your personal records. Use this interactive form to create a bill of sale that will protect you when buying or selling goods.

Legal is hard.
Let’s tackle it together.

Speak to one of our Legal Pros and discover how we can help you get your Bill of Sale reviewed by an experienced contract review lawyer.
Let's Talk

You may like these too

Warranty Deed

A warranty is a type of deed where the seller of a piece of property guarantees clear title.

Transfer on Death Deed

A transfer on death deed conveys the ownership of a piece of real estate automatically upon the owner’s death.

Warranty Deed

A warranty is a type of deed where the seller of a piece of property guarantees clear title.

Quit Claim Deed

A quit claim deed conveys real estate without any warranties regarding clear title.

Special Warranty Deed

A special warranty deed guarantees that nothing occurred during the seller’s ownership of a property that would have broken the chain of title.

Grant Deed

A grant deed conveys property from one owner to another with a guarantee that it has not been sold to anyone else and there are no leans or restrictions on the property not disclosed to the buyer.