General bill of sale template – Whenever 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 purchaser will also attract the buyer into most likely agreeing into phrases.
The basic information which should be in this contract is the make and model, the price, and contact information for both parties. The market 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 have 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 are selling your privately and you opt to accept a delayed payment, you will have to include all information concerning the payment in your sell item contract. This information should include the quantity of money to be paid, how many installments 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 should also list details about late payment fees, and once the seller has the right to recover the property if the arrangement should be breached.
As well as the product and price, the thing sell agreement should state whether the product has a clear title, and in what condition the item is titled in. In most states it is legally required to have a clear title so as to sell a product for anything aside from simply parts. If your item does not have a clear name, make sure 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 must receive a copy. Some countries require a notary as well, so be sure to check your local laws. You might also find templates for sell item contracts easily through free legal form websites or Microsoft template sites. Take a look the sample of general bill of sale template below at the attachment page.