{"id":815,"date":"2016-09-27T23:44:58","date_gmt":"2016-09-27T23:44:58","guid":{"rendered":"http:\/\/www.weblegal.ca\/?page_id=815"},"modified":"2023-05-26T16:01:06","modified_gmt":"2023-05-26T16:01:06","slug":"bill-of-sale","status":"publish","type":"page","link":"https:\/\/www.weblegal.ca\/templates\/bill-of-sale\/","title":{"rendered":"Bill of Sale"},"content":{"rendered":"

A bill of sale<\/strong> is a written receipt showing evidence of a sale. It identifies property or merchandise sold by a particular seller, the date and place the item was sold, and the precise amount of money, or monetary equivalent the item was sold for.<\/p>\n

A bill of sale serves as evidence that the ownership (title) of property by one party is transferred to another party.<\/p>\n

When to Use a Bill of Sale<\/h2>\n

A bill of sale represents the condition or terms determining the agreement of the sale. Any buyer or seller of personal property, animals, jewelry, automobiles, or other merchandise should use a bill of sale for the protection of both the buyer and the seller.<\/p>\n

A Bill of Sale Protects<\/h2>\n

After a sale, later disputes or disagreements can occur. A basic bill of sale comprised for the private sale of an automobile<\/strong><\/a> may contain the phrase “as seen, as is”, meaning there are no guarantees as to the condition of or warranties associated with the item being sold.<\/p>\n

Once the automobile is removed from the seller\u2019s location, should something break down a couple of weeks later, the buyer cannot hold the seller responsible because there were no warranties for the automobile when the buyer bought it.<\/p>\n

The use of a bill of sale in private sale transactions is important to ensure both parties know the specifications and facts before the finality of the sale. Adding clauses and asking for clarifications before signing are the entitlement of both parties.<\/p>\n

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Bill of Sale Template<\/h2>\n

Download a Bill of Sale Template from LawDepot<\/strong><\/a><\/p>\n<\/div>\n

Is a Bill of Sale the Same as a Sales Agreement\/Contract?<\/h2>\n

A sales agreement or sales contract<\/a> <\/strong>would contain the detailed information of the seller and buyer, including:<\/p>\n