Legal bill of sale template – Whenever you sell something with somebody, you need to establish a contract. This contract provides protection to you, the seller, and to the purchaser. Adding details that will protect the purchaser will also bring in the purchaser into most likely 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 sell item contract should also include a disclosure about the product, including a listing of items that you know have 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 final sale.
If you are selling your privately and you opt to take a delayed payment, you will have to include all information concerning the payment in your sell item contract. This information should include the amount of money to be paid, how many payments will be made, when the payments 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 penalties, and once the seller has the right to reclaim the property if the arrangement should be breached.
As well as the model and price, the thing sell agreement must state whether the product has a clear title, and in what state the item 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 simply parts. If your item does not have a clear name, be certain that 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 make certain to check your local laws. You might also find templates for sell item contracts readily through free legal form websites or Microsoft template sites. Take a look the sample of legal bill of sale template below at the attachment page.