Bill of Sales

Bill of sale is used by almost every buyer and seller just when they want to validate their sales transaction. It is a legal document which is used to keep a record of all the transactions which take place between buyer and seller. For a seller, the bill of sales is important since it is used to check the date and the time of the item which was sold. The information about the buyer is also obtained by the seller when he uses the bill of sale. For a buyer, the bill of sale is used to get the information about the item which he wants to purchase. The history report of the item can also be checked with the help of the bill of sales.

Types of Bill of Sales

There are different types of bill of sales which are used for purchasing the items of different types.

A vehicle bill of sales is used when you want to purchase a vehicle.
An equipment bill of sale is used for the selling and purchase of an equipment.

There is also a general bill of sales which is used commonly. When the possession of the property is transferred from the selling party to the buying party, the bill of sales is very helpful. These billing records can’t be used for real or intellectual property. This document has lots of sections which are also used in many types of agreements. It is ensured with the use of a bill of sales, that the ownership of the property is being transferred from seller to the buyer of the property.

What to Include in this Document?

The main components of the bill of sales document are:

The name of the buyer and the seller
The personal information and the signatures of the buyer and the seller.
The amount of money which has been settled by the buyer and the seller
The general description of the item such as car or the property which is being sold
The date on which the transaction is taking place
The signatures of the third party.

About Bill of Sale Template

The templates of a bill of sales of any type are available on the internet. These templates are very easy to use and can be customized easily. You can also add some more fields depending on your needs. The buyer should be told about the item in detail through the bills of sale. The details of the item should be given in the bill with comprehensive detail. The bill of sales can be the most important and strong base for the transaction taking place between the buyer and the seller and it also ensures that the both buyer and the seller have been informed about the item to be sold in detail. While you are purchasing the vehicle, the important information to be included in the bill of sales is the

The VIN
Year, model and the name of the manufacturer
Mileage reading of the vehicle
License plate number.

The terms and conditions which are agreed upon by the buyer and the seller during the transaction are also included in the bill of sale template.

Preview & Detail of Templates

Motor Vehicle Bill of Sale 2017 for MS WORD

File: Word (.docx) 2003+ and iPad
Size 52 Kb | Download Editable Version

File: OpenOffice Writer (.odt) Writer
Size 80 Kb | Download

Equipment Bill of Sale 2017 for MS WORD