Easy 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 to the buyer. Adding information that will protect the purchaser will also bring in the purchaser into probably agreeing into phrases.
The basic information which should be in this contract is the make and model, the cost, and contact information for both parties. The sell item contract should also include a disclosure about the product, including a listing of things that you know have to be fixed. You should also include a phrase stating that the product is being sold as is, unless of course you’ve agreed to perform repairs prior to the last sale.
If you’re selling your privately and you decide to accept a delayed payment, you will have to include all information concerning the payment in your sell item contract. This information must include the amount of money to be paid, how many installments will be made, when the payments will be made, and when the last term of the contract ought to be fulfilled. The thing sell contract should also list details about late payment fees, and when the seller has the right to reclaim the property if the agreement should be breached.
As well as the product and price, the thing sell agreement should state whether the item has a clear title, and in what condition the product is titled in. In most states it is legally required to have a clear title so as to sell a item for anything other than just parts. If your item does not have a clear name, be sure that the contract clearly states this fact, and that the item is being sold for parts only. Needless to say, 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 can also find templates for sell item contracts readily through free legal form sites or Microsoft template websites. Check it out the sample of easy bill of sale template below at the attachment page.