Vehicle bill of sale template – Whenever you sell something with someone, you will need to set up a contract. This contract will offer protection to you, the seller, and to the buyer. Adding details that will protect the buyer will also attract the buyer into probably agreeing into phrases.
The basic information which ought to be in this contract is the make and model, the price, and contact information for both parties. The sell item contract must 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 have agreed to perform repairs prior to the last sale.
If you’re 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 payments will be made, once the payments will be made, and when the last term of the contract should be fulfilled. The thing sell contract must also list details about late payment penalties, and when the seller has the right to reclaim the property if the agreement should be breached.
As well as the model and price, the thing sell agreement must state whether or not the item 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 whatever aside from just parts. If your item does not have a clear title, be 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 be given a copy. Some countries 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 websites. Take a look the sample of vehicle bill of sale template below at the attachment page.