Auto bill of sale template – Whenever you sell something with somebody, you need to establish a contract. This contract will offer protection to you, the seller, and also to the purchaser. Adding details that will protect the purchaser will also attract the purchaser into probably agreeing into terms.
The basic information which ought to be in this contract is the make and model, the price, and contact information for both parties. The sell item contract should also include a disclosure about the item, including a list of items that you know have to be fixed. You should also include a phrase stating that the item is being sold as is, unless of course you have agreed to perform repairs before the last sale.
If you’re selling your privately and you opt to take a delayed payment, you’ll need to include all information relating to the payment in your sell item contract. This information should include the amount of money to be paid, how many installments will be made, once the installments will be made, and when the final term of the contract ought to be fulfilled. The item sell contract must also list details about late payment fees, and when the seller has the right to reclaim the property if the arrangement should be breached.
In addition to the model and price, the item sell agreement should state whether the item has a clear title, and in what state the item is titled in. In most states it is legally required to have a clear title in order to sell a product for whatever aside from just parts. If your item does not have a clear name, make certain that the contract clearly states this fact, and that the merchandise is being sold for parts only. Needless to say, your contract should be signed by all parties, and all parties must be given a copy. Some states require a notary as well, so make certain to check your local laws. You can also find templates for sell item contracts readily through free legal form websites or Microsoft template sites. Check it out the sample of auto bill of sale template below at the attachment page.