Bill of sale contract template free – Whenever you sell something with somebody, you need to establish a contract. This contract will offer protection to you, the seller, and to the buyer. Adding information that will protect the purchaser will also attract the purchaser into most likely agreeing into terms.
The basic information that should 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 product, including a list of things 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 have agreed to perform repairs prior to the last sale.
If you are selling your privately and you opt to accept a delayed payment, you will have to include all information relating to the payment in your sell item contract. This information should include the quantity of cash to be paid, how many payments will be made, when 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 penalties, and when the seller has the right to recover the property if the arrangement should be breached.
As well as the product and price, the item sell agreement must state whether 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 product for whatever aside from just parts. If your item does not have a clear title, make certain the contract clearly states this fact, and that the merchandise is being sold for parts only. Of course, your contract should be signed by all parties, and all parties should receive a copy. Some states require a notary as well, so make certain to check your local laws. You might also find templates for sell thing contracts readily through free legal form sites or Microsoft template sites. Have a look the sample of bill of sale contract template free below at the attachment page.