Definition of Bill of Sale Examples
A bill of sale is a legal document that details a sale of goods or property transfer between buyer and seller in black and white. A bill of sale is evidence the seller has transferred the rights to the assets to the buyer.
A Bill of Sale is of Two Forms
- An absolute bill of sale does not represent any form of security but is as per the common law of contract and the sale of goods law.
- A conditional bill of sale is represented by security for the payment of money.
Also known as “purchase and sale,” the form is very simple, with the financial terms of the agreement and the signature of the seller and buyer if required, whereas a point-of-sale refers to the location where the transaction is completed. At this point of sale, the monetary funds—which could be cash, cheque, or net banking as per the deal—must be executed at the time of purchase.
Examples of Bill of Sales
There are many examples of Bills of Sale. Some of them are as follows:
Example #1 – Motor Vehicle Bill of Sale
1) Location of Sale
On 1st Jan 2018, in Otawa, Canada.
2) The Parties.
The Buyer, Roberts, and Group. with a mailing address of [email protected] and The Seller, Ron Auto & Sons, with a mailing address of [email protected]
hereby agree as follows:
3) Payment Type (choose one).
- Payment Mode: The Buyer agrees to pay the Seller 1201 (US Dollars).
- Trade-in Mode: The Buyer agrees to pay 1210 (US Dollars) and trade in their vehicle.
- Gift: The Seller buys the vehicle and gives the vehicle as a gift to the Buyer. The value of the vehicle is 1210 (US Dollars).
4) Vehicle Description
Make:_____________ Model: _____________ Body-Type: _____________
Year:_____________ Color: _____________ Odometer: _____________ Miles
Vehicle Identification Number (VIN): 1HGBH41JXMN109789 (17 Characters)
Taxes: All municipal, county, and State taxes in relation to the purchase of the motor vehicle, including sales taxes (if included) in the purchase price.
Other Terms & Conditions:(if any)
Buyer Signature ___________________ Buyer’s Name ___________________
Witness Signature ___________________ Print Name ___________________
Example #2 – Boat Bill of Sales
This agreement for the sale and purchase of the boat has been made between the following two parties:
Name of Purchaser(s) : ABC
Name of Seller(s): XV Boat & Co.
The date of the sale shall be the 6th of Oct 2017.
Where the Buyer agrees to pay $150 (US Dollars) as the purchase price for the boat to be sold by the seller.
Below are the checked items:
Boat – Make __________ Year __________ Title Number ________________
Hull ID Number – ________________ Odometer: ________________ (hours)
Boat – $____________ Trailer – $____________ Motor(s) – $____________
Buyer’s Signature _________________ (Name & Date).
Seller’s Signature _________________ (Name & Date)
Witness #1 Signature ______________ (Name & Date)
Witness #2 Signature _______________ (Name & Date)
Example #3 – Equipment Bill of Sale
Buyer agrees to purchase from Equipment Inc for the price of $5000 (US Dollars) for the following item Equipment:
Description: SCTIHGK Chainsaw
Make: SCTIHGK Model: YZ 500 Year: 2017
Serial No. HJIPO9087
The transfer of funds from buyer to seller and the possession of the equipment by the buyer shall occur on the 30th day of May 2017. The seller acknowledges the full ownership rights for the equipment and acknowledges that he is legally allowed to sell the Equipment. In addition, the Seller is transferring the Equipment without any warranties and in the “as-is” condition wherein the equipment was in operating condition.
Signature of Buyer ____________(Name & Date)
Signature of Seller ____________ (Name & Date)
Signature of Witness ___________(Name & Date)
Signature of Witness ___________(Name & Date)
Example #4 – Business Bill of Sale (Purchase Agreement)
The Parties: This bill of sale was signed on the 1st day of July 2016 between the Rhio Manufacturer with a street address of the K-Street, the Pali Hill City of Ottawa, State of Canada, and Bruno Traders with a street address of the A-Rag Hills City of Ottawa, State of Canada.
Business. The seller acknowledges that they have the right to sell the business entity known as Gulmohar RRR incorporated in the State of Haryana with a corporate office located at Gurgaon City of the State of Haryana along with all its entity, including:
- assets,
- shares,
- personal property
- ownership interest,
- employees, leases,
- contracts,
- trademarks,
- other tangible or intangible interest
- copyrights (everything here is known as the “Business”).
Purchase Price. The deal between the Buyer and Seller is for $99999, and both agree to a purchase price of $99999 (US Dollars)for the sale of the Business. Hereby, the Buyer agrees to transfer the funds on the 1st day of July 2016. The seller is supposed to educate the buyer on the practice of the business in due course of time.
Buyer Signature ______________(Name & Date)
Seller Signature ______________(Name & Date)
Witness Signature ____________(Name & Date)
Witness Signature ____________(Name & Date)
Example #5 – General Bill of Sale
Parties involved:____________
Seller’s: ____________
Name:____________
Address:____________
City:____________
State:____________ Pin:____________
Contact No.:____________
Work:____________
Buyer’s:____________
Name:____________
Address:____________
City:____________
State:____________ Pin:____________
Contact No.:____________
Work:____________
Information on the Item that was Sold:
An LG Refrigerator(used) with no warranties, transfer “as in” condition.
For the sum of $900, Payment in the form of Cash
I, the undersigned, as the seller, acknowledge that the information shared here in the bill of sale is true and correct to the best of my knowledge.
Signature of the Seller: —————— (Name & Date)
Signature of the buyer: —————— (Name & Date)
There could be many bills of Sale for many items and entities. Each item and entity vary from each other, so their bill of sale. The Bill of Sale can be customized as per convenience, but the point to be considered is the authenticity of the information in the Bill of Sale. This is particularly important when dealing with high-value transactions, such as when you need to prepare a bill of sale for car purchases or sales. A GST billing software can help you keep track of all business bills and provides features like calculating taxes, keeping track of expenses, etc.
Conclusion
As we conclude, the Bill of Sale is a legal document for the sale and purchase between buyer and seller. Apart from this Bill of sale, there are many other bills of Sale like bills of sale for Cars, Horses, Moped/Scooters, Tractor, Aircraft, Gun, Trailer, ATVs, Furniture, Livestock, Bicycle, and Generic Bill of Sale. Bill of Sale formats varies from state to state.
Recommended Articles
This is a guide to the Bill of Sale Examples. Here we discuss the Introduction and various examples of sales bills like motor vehicles, equipment, business bills of sales, and general bills of sales with a detailed explanation. You can also go through our other suggested articles to learn more –
