Carl Glendon

What Are The Important Points In An ATV Bill Of Sale Form?

An ATV Bill of Sale is quite similar to a "sales receipt" for an ATV, and can also comprise of additional legal terms related to the sale and purchase of the same. This type of document works as a proof of the sale of the vehicle. It acknowledges and certifies the specific transaction and the transfer of ownership of the vehicle. Know about some of the most important points in an ATV automobile bill of sale Form.

Names

It should comprise of the names of the seller and the buyer. Full names should be typed or written, so that there is no confusion arising about the identity of the two parties involved in the transaction.

Identification details

These should involve various types of details, such as present and permanent addresses, location, birth details and other identification data about both the parties. If the ATV that is to be sold has a specific identification mark applicable to the same, such as any serial number or the signature or seal of the manufacturer, it must also be recorded in the motor vehicle bill of sale.

Asset description

The ATV bill of sale form bill of sale template also needs to include the exact description of the asset or property to be sold in an explicit way. This is important, as the bill of sale document must clearly mention the ATV that is being sold and witnessing a change / transfer of ownership to the buyer from the current seller of the vehicle.

Limitations / Conditions

The document should also include any specific limitations or conditions that regulate the sale of the asset. There must be a mention of any further actions, if either the buyer or the seller breaches the conditions and terms being agreed on, as drafted in the ATV bill of sale form.

Cost

This indicates the selling price as well as the original cost price of the ATV on sale. If both parties have come to an agreement about a specific exchange in ATV rather than payment as cash, the details associated should be concisely and transparently explained in the printable bill of sale paper. Please visit this site to get a sample bill of sale in Tennessee.

Author Resource:-

Carl writes often about online legal drafting like affidavit, bill of sale and release/ waiver agreement to help the people. To learn more about drafting a bill of sale in Iowa and bill of sale in Kansas online, visit this website.