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Let’s consider the following example: you’ve sold a gun to an individual who later used that firearm to commit a crime.

You should also provide it when selling your own property. Unfortunately, cases of fraud are observed quite frequently when there’s no bill of sale applied, so make sure to use this document for any transaction. To avoid buying stolen goods and guarantee that the seller holds ownership over an object being sold, always demand a bill of sale. This is an essential point to consider, especially when purchasing used items. Remember that bills of sale don’t prove ownership instead, such documents officially record an occurrence of a transaction along with information about the buyer and the seller. Although such bills are not identical to contracts, both sides still should review the information carefully and confirm that it’s 100% accurate. Whether you are buying or selling goods, read the bill closely and ensure that it contains all necessary details. However, recording transaction details with a bill of sale is always a good idea, since it’s a legally recognized paper. Filling a bill of sale isn’t always mandatory when selling or buying items depending on the state (sometimes even the country) and the type of property, you may not need to use this document at all. For instance, a motor vehicle bill of sale would include information about the car’s body type, VIN code, odometer disclosure, and other details.īills of sale can be used when selling any type of property, from cheap consumer goods to boats and RVs. Such documents act as legally binding contracts and specify all details about the transaction itself and the goods being sold. Download your fillable Bill of Sale Form in PDF format:īill of sale forms are used to record the transition of ownership over certain goods from one party to another.