Bicycle bill of sale template – At any time you sell something with someone, you need to set up a contract. This contract provides protection to you, the seller, and also to the buyer. Adding details that will protect the buyer will also bring in the purchaser into probably agreeing into phrases.
The basic information that ought to be in this contract is the make and model, the cost, and contact information for both parties. The market item contract must also include a disclosure about the product, including a listing of items that you know need to be fixed. You should also include a phrase stating that the item is being sold as is, unless of course you’ve agreed to perform repairs before the last sale.
If you’re selling your privately and you opt to take a delayed payment, you will have 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, when the installments will be made, and when the last term of the contract should be fulfilled. The item sell contract should also list details about late payment fees, and when the seller has the right to reclaim the property if the arrangement ought to be breached.
In addition to the product and price, the item sell agreement should state whether or not the product has a clear title, and in what condition the product is titled in. In most states it’s legally required to have a clear title in order to sell a item for anything other than just parts. If your item does not have a clear title, be certain the contract clearly states this fact, and that the item is being sold for parts only. Of course, your contract should be signed by all parties, and all parties should be given a copy. Some states require a notary as well, so be sure to check the local laws. You might also find templates for sell item contracts easily through free legal form websites or Microsoft template websites. Check it out the sample of bicycle bill of sale template below at the attachment page.