This document has many of the basic parts often found in these types of agreements, as well as optional language that allows for customization to ensure that the parties’ specific conditions of the agreement are handled.
Using a General Bill of Sale, ensure that there is a complete and accurate record of the transfer of a property from the seller to the buyer.
A General Bill of Sale form serves as a receipt that outlines the whole transaction between a buyer and a seller.
It acts as proof of ownership and keeps both parties (buyer and seller) accountable to the terms agreed upon in the bill of sale.
This document will include information on the buyer and seller, a description of the object for sale, the date of the sale, any other terms or warranties, and lastly, signatures from the buyer, seller, and any witnesses.
The General Bill Of Sale form is intended for general buyer transactions and common investments; it includes ready-to-use declarations that must be filled up with names, dates, and signatures.
A general bill of sale can be used for almost anything; commonly sold products include:
To begin, the party creating the bill of sale must enter the following information into the appropriate fields:
Enter a description of the personal property being sold. Include any serial numbers, identifying marks, and production data if available (such as the year it was made). Write the sum the buyer agreed to pay for the property underneath the description.
Both the buyer and seller must sign and print their names on the available lines.
The sign allows both parties to provide a binding electronic signature to the form, allowing for a paperless transaction. If requested, the parties might have one or two witnesses witnessing the signing and sign as well.
The second page’s last part is allocated for a notary public. If requested, either (or both) parties’ signatures can be notarized.
Notarization is not necessary if the object being sold is not a motor vehicle, rifle, or watercraft.
Some people choose to have their signatures notarized as further confirmation that the seller’s signature is genuine. However, it is an optional step.