Are you in the process of selling an item, vehicle or piece of property to someone else? The mass majority of consumers will simply exchange money and hand over the item. This can be a major mistake and may very well come back to haunt you in the future. Instead, it is essential to put a contract in place, so utilizing the basic bill of sale is wise. This document will work as a contract and will set the basic parameters of the sale.
What It Does
The bill of sale is a document, which sets forth the basic parameters within a transaction between two individuals. The document is truly capable of protecting the seller, as well as the buyer, but will do so in different ways. It may also be used as evidence within a court of law and may help to resolve a dispute in your favor.
Ways To Use It
There are numerous ways to utilize this document, but most will use it when selling a vehicle to someone else. The document may also become a part of a loan. Whether you’re selling an automobile, animal, piece of property, or some simple item, it is absolutely essential to make sure you craft a bill of sale. The document will protect you from fraudulent claims and help you avoid spending excessively for a lawyer’s assistance.