free printable template for bill of sale

Owners of autos, puppy, motorcycles, watercraft, firearms, equipment require a bill of sale to legally transfer ownership of the above-named items. It includes details of the transaction and protects both parties should disagreements arise in the future. It is drafted by the seller of a chattel. The absolute bill of sale is a record of a complete transfer of ownership of an asset from seller to the buyer while the contingent bill of sale is a record of a conditional transfer of ownership from one party to the other should the first party fail to reach an agreement. What is a Bill of Sale?Ī bill of sale is an “instrument for the conveyance of title to personal property, absolutely or by way of security.” This implies that a bill of sale is of two types an absolute bill of sale and a contingent bill of sale. You will also find the downloadable bill of sale templates provided by CocoDoc. Here’s all you need to know about a bill of sale. Today, it is used to record the details of the sales between the parties involved. Since then, it's been amended a couple of times, the first of which came in 1882.