Bill of Sale

Personal Property

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Description:

For private sale of personal property, a Bill of Sale is recommended if something of value has been sold as evidence of the transfer of ownership. A Bill of Sale is a document that transfers ownership of the personal property from the transferor / seller to the transferee / buyer by the transfer of possession to the new owner. 

Bills of exchange are used to protect the transferor and the transferee in any future problems. It serves as a receipt for the payment of the property and proof of transfer of ownership. It includes information about the transferor and transferee and detailed information about the property, description, and price. It also allows the transferor to disclaim any liability in relation to the property as the property is sold on an "as is" basis.

 

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  4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.                                                                                 
  5. The document should be signed by the authorised signatory (or 2 directors for a company) and witnessed to complete the formality.]

 

 

Document Type:

Agreements / contracts

Category:

Personal > Services / Contracts / Miscellaneous > Personal Contract / Loan / Service

 
Keywords:

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sales receipt

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