Bill of Sale Example

If you are on the verge of buying an item which has a high value, then you and the seller will be both needed to sign a bill of sale. Along with the sales receipt and the invoice, the bill of sale is a document that you need to properly understand as it makes the agreement between the purchaser and the seller a legally valid one. The details in a bill of sale include details about the product, the seller and the purchaser. It serves to avoid any legal hassles in the future. In this article we explain this document to you with the help of an example and a format.

Bill of Sale Format

Drafting a bill of sale is possible by referring to an example but it is always better to refer to a proper format in order to do so. Once you are sure about the format, create a bill of sale template that you can use whenever you need to. A bill of sale format will help you understand what are the important constituent features of a bill of sale. A document of such sort will always have details about the product, the purchaser, and the seller. Given below is a bill of sale form or template.

BILL OF SALE The Agreement detailed below is signed between the two parties, the Purchaser and the Seller. The details for both of them are given below. Purchaser Full Name: ______________________________________________ Occupation: _____________________________________________ Address: ________________________________________________ Proof of Identity: __________________________________________ Seller Full Name: ______________________________________________ Occupation: _____________________________________________ Address: ________________________________________________ Proof of Identity: __________________________________________ The goods/product/services that is being purchased by the Purchaser from the Seller are/is ______________________ Details of Products/Services Terms and Conditions of the Agreement In this section, all the terms and conditions that the Purchaser and Seller have agreed upon will be listed depending on the importance of the specific term/condition. In a bill of sale, the terms are legally binding and valid in court. The purchasing price of the goods or services being purchased is also mentioned in the bill of sale. The Agreement is agreed upon by both the Seller and the Purchaser in front of witnesses at _____________ on _____ day of __________ 20____. Seller: Signature of Seller Purchaser: Signature of Purchaser Witness: Signature of Witness Witness: Signature of Witness Acknowledgment of Notary Public This agreement was signed and acknowledged in my presence on _____ day of __________ 20____ by Name of Seller and Name of Purchaser. Signature of Notary Public Full Name: _______________________ State of ________________________ County of ______________________

Example of Bill of Sale

So you now know what is the proper format of a bill of sale. If you still have doubts about the template, then you can refer to the example which will elucidate the document for you.

BILL OF SALE The agreement detailed below is signed between the two parties, the Purchaser and the Seller. The details for both of them are given below. Purchaser Full Name: Alyssa Suarez Occupation: Journalist Address: Senior Writer, Aspirations, 434 - Oak Boulevard, San Francisco - 657455 Proof of Identity: Driver's License ID - 698 707 802, Driver's License Number - 60644970 and Seller Full Name: Jonathan Kipling Occupation: Businessman Address: Proprietor, Kipling and Sons Motors, 6943 - Elm Street, San Francisco - 657234 Proof of Identity: Driver's License ID - 679 002 985, Driver's License Number - 45879442 The product that the Purchaser is buying from the Seller is a Ford Fusion Sedan Details of the Product Company: Ford Model: Fusion Sedan Year: 2007 Color: Silver Gray VIN#: 5040045 Terms and Conditions of the Agreement I hereby acknowledge the payment of USD 10,000 in the form of check from Alyssa Suarez, as complete payment for the vehicle that has been described above, and which is sold "AS IS". I hereby state that the mileage of the vehicle at the time of this sale is 3423 miles. I do hereby grant, sell and transfer full ownership of this vehicle to the buyer. I certify that this vehicle, at the time of sale, is free from any encumbrance, taxes, fees and liens except as those specified on the Title; and that, I (the Seller) will defend and be held fully responsible for such lawful claims and demands with respect to the vehicle, if any. The purchaser accepts full liability for the vehicle, damages, and any third party liability incurred from the use of the vehicle from the date of sale. If applicable, the Seller agrees to make arrangements for the transfer of the vehicle title from the lien holder to the purchaser with immediate effect. This agreement is agreed upon and signed in the presence of witnesses at Kipling and Sons Motors, 6943 - Elm Street, San Francisco - 657234 on the 23rd day of November 2010. Seller: Signature of Seller Purchaser: Signature of Purchaser Witness: Signature of Witness Witness: Signature of Witness Acknowledgment of Notary Public This agreement was signed and acknowledged in my presence on 23rd day of November 2010 by Jonathan Kipling and Alyssa Suarez. Signature of Notary Public: Signature Full Name: Rosemary Allen State of California County of San Francisco

Regardless of the bill of sale sample you refer to, the basic format of such a document will remain the same. Do ensure that the document is drafted carefully to avoid any kind of legal complications in the future. Along with the bill of sale, it is also important to understand the sales invoice template to learn how to make sales receipts. A legally binding document, you do not want to draft a document that creates hassles later on for both the seller and purchaser.