A Bill of Sale is an agreement that documents a private sale occurring between two parties – the seller and the purchaser. This type of contract actually works as a sales receipt for the exchange of an item and money. It can prove the transfer of ownership of an item to the purchaser from the seller. Bill of sale document is also referred to as Sales Receipt, Proof of Sale or As-is Bill of Sale.
It is possible to find bill of sale for a vehicle template online and use it for the customisation of bill of sale agreements, to make them fit for individual circumstances and usage.
How to properly sign a vehicle bill of sale document?
It is important to mention the date on which the document is signed by both parties – the seller and the buyer. In case there is no surety of when the parties will sign, in the questionnaire “unsure” should be selected (in case an online template is using for the customisation of the document).
When “unsure” is selected for the question, a blank line would be there to fill the correct date with after the document is printed.
In a few jurisdictions, the buyer is required to sign the bill of sale document whereas in others, only the seller’s signature is needed.
You should check the laws in your local area to confirm whether or not you have to include the signature of the buyer. It will not lead to any problem in case the bill of sale in Arizona is signed by the buyer and so – it is a good idea to have the purchaser sign the document, in case you are not sure of the laws in your local area.
Author Bio
Carl writes often about legal drafting, rental & commercial lease agreements, power of attorney, Bill of Sale and help the people in such document needs.
