![]() A bill of sale acts as authentication of just that and protects you from unnecessary future litigation.įor instance, without a bill of sale, all parking tickets incurred on your sold vehicle will come in your name and not in the name of the new owner. ![]() Once you sell an asset, including an automobile, a house, or even personal property, you no longer hold liability for it. Some of the benefits of drafting a bill of sale include: Legal ProtectionĪ signed copy of a bill of sale can help give you legal protection from complications after the asset's sale. Bill of sale word templates can help make the process easier. Benefits of Drafting a Bill of Saleīuying or selling property or a vehicle can be a major investment, which is why you must record the sale through a bill of sale. ![]() The bill of sale word template is necessary for closing sales deals and here we have several free bill of sale word templates. ![]() The bill of sale isn't restricted to certain cases and can even cover scenarios such as the sale and purchase of a personal property. The bill of sale or transfer document could be prepared for the sale of an aircraft, a used car, or even a house. A bill of sale is a sales receipt or a contractual document when an individual sells an item of high value.
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