Gift bill of sale template – Whenever you sell something with somebody, you will need to establish a contract. This contract provides protection to you, the seller, and to the buyer. Adding information that will protect the buyer will also attract the buyer 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 market item contract should also include a disclosure about the item, including a listing of items that you know need to be fixed. You should also have 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’re selling your privately and you decide to accept a delayed payment, you’ll need to include all information concerning the payment in your sell item contract. This information must include the quantity of money to be paid, how many payments will be made, when the installments will be made, and when the last term of the contract should be fulfilled. The thing 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 or not the item has a clear title, and in what condition the item is titled in. In most states it’s legally required to have a clear title so as to sell a product for whatever other than simply parts. If your item doesn’t have a clear name, be certain 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 should be given a copy. Some countries require a notary as well, so make certain to check the local laws. You might also find templates for sell thing contracts readily through free legal form websites or Microsoft template sites. Have a look the sample of gift bill of sale template below at the attachment page.