Bill of Sale

What are the list of components that are covered in the bill form?

Billofsale is a legal document that is prepared to transfer the ownership rights on any product from the seller to the buyer. This bill of sales includes various details such as contact information of the buyer and seller, clear description about the product, payment methods and the warranty available. Usually, this bill makes the lives of both the buyers and seller easy. However, the benefits that are reaped by a buyer with this legal document includes showing the proof of ownership of the item purchased, the date on which the ownership rights on the item was transferred to their name, and the warranty details. Few of the benefits that are reaped by the seller include easy to report the taxes, date on which the ownership rights were transferred to the buyer’s name, and “as-in” protection.

This billofsale is important to collect from the buyer while purchasing an item. In case of any warranty issues or quality issues, you can submit this bill in the court to prove your ownership of the item. This bill of sales has all the vital information that stands a concrete proof when submitted in the court. Moreover, you can get the judgment in favor of you by submitting this proof. This bill can be collected from small purchases to the big purchases made. You can download the forms and prepare this bill in a couple of minutes. Here are a few vital components that are covered in the bill. There include

• Location of the property: This includes the location of the property from where the item is being sold to the buyer. However, this location information includes city, state and country.
• Seller: This includes the information of the seller, including their name and contact details.
• Buyer: This includes the buyer information such as their name, address and other vital details
• Price: This includes the price that the buyer has paid to purchase the property.
• Mode of payment: This is the mode of payment method used by the buyer to purchase the item such as check, money order, credit card, debit card, etc.

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Sample Template Preview

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:
____________________________________