Bill of Sale- Assorted Legal Forms

Why to use a bill of sale

A bill of sale is a contract which is made for a car or other goods to be bought and sold. People use the sale agreement for centuries and this record of sale states a good is sold by a specific seller on a specific date, at a place for an amount of money. Earlier the sale agreement was prepared when people purchase goods such as horse, dog, boat and car. The legal document is made to fulfill two things, it confirms the transfer of title of a property and serves as an evidence of the contract. The legal document is commonly used to meet official requirements such as t register a car. The legal document can be used as an element of a loan. when you buy a car using installment payments , the agreement can be framed as bill of sale. The transfer of the title will not happen until you make the full payment of the loan.

Why one should use bill of sale

The bill of sale is a legal document which includes selling price, vehicle identification number, vehicle license plate number, date and location of transaction, name, signature & Addresses of both parties. Usually a seller needs this legal document for his own record, but the buyer would need the form to complete the title transfer and register the vehicle. One important reason, why we need this document is during the title transfer some motor vehicle agencies need this document to calculate the vehicle’s license fee.

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  BILL OF SALE

Date:    __________________

Seller:    ______________________________

______________________________

Seller’s Mailing Address:    ______________________________

______________________________

Buyer:    ______________________________

______________________________

Buyer’s Mailing Address:    ______________________________

______________________________

Consideration:

__________________________________________________________________

__________________________________________________________________

Transferred Property:

__________________________________________________________________

__________________________________________________________________

__________________________________________________________________

__________________________________________________________________

Reservations From Transfer:

__________________________________________________________________

__________________________________________________________________

Exceptions to Transfer and Warranty:

__________________________________________________________________

__________________________________________________________________

__________________________________________________________________

Seller, for the Consideration, the receipt and sufficiency of which Seller acknowledges, and subject to the Reservations From Transfer and the Exceptions to Transfer and Warranty, does hereby grant, sell, transfer and deliver the Transferred Property to Buyer, together with all and singular the rights and appurtenances thereto in any way belonging, to have and to hold it to Buyer and Buyer’s heirs, successors and assigns forever.  Seller binds Seller and Seller’s heirs and successors to warrant and forever defend all and singular the title to the Transferred Property to Buyer and Buyer’s heirs, successors and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof by, through or under Seller, but not otherwise, except as to the Reservations From Transfer and the Exceptions to Transfer and Warranty.
With the exception of the warranties of title, including the warranty that no liens exist on the Transferred Property except as recited, Seller has made no affirmation of fact or promise relating to the Transferred Property that has become the basis of this bargain, and further, Seller has made no affirmation of fact or promise relating to the Transferred Property that would conform to any such affirmation or promise.  Seller disclaims any warranty for any particular purpose whatever with respect to the Transferred Property.  The Transferred Property is sold on an “as-is” basis.
When the context requires, singular nouns and pronouns include the plural.

Seller(s):                        Buyer(s):

____________________________________    ____________________________________

____________________________________    ____________________________________

Acknowledgment

State of Texas         §
§
County of ______________    §

This instrument was acknowledged before me on the ________ day of ___________________________________, 20_____, by ___________________________________________________________________.

____________________________________
Notary Public, State of Texas
Commission Expires:    __________________
Notary’s Name Typed or Printed:
____________________________________

Acknowledgment

State of Texas         §
§
County of ______________    §

This instrument was acknowledged before me on the ________ day of _________________________________, 20_____, by ___________________________________________________________________.

  ___________________________
Notary Public, State of Texas
Commission Expires:    ________
Notary’s Name Typed or Printed:
________________________