The bill of sale form is a legal document that transfers the asset title from the seller to the new owner or purchaser. Such a form must include information required for the transfer of ownership. This form confirms the transaction that takes place between the two parties. This is necessary to reduce any chances of fraud or illegal transference of asset.
The format of such a form must also comply with the legal terms and conditions of the concerned State. This is essentially drafted by the seller and contains pertinent details related to the sale. The structure of the form should also contain the legal names and other information of the buyer and seller as well as particularized information about the item sold.
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Sample Bill of Sale Form
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