Carl Glendon
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When Do You Need An Ironclad Bill Of Sale?
A Bill Of Sale (BOS) is one of the easiest documents to create, and used as a proof of a transfer of ownership of any property - such as a car. However, it is not a foolproof document. An Ironclad Bill of Sale addresses the various issues with a conventional bill of sale, and can be needed in the following situations.
Purchasing a car minus title
At times, it is legal to purchase a vehicle without any title. That being mentioned, it is often that people tend to depend on a BOS to prove that they are the rightful owner. For instance, B sells an abandoned car to A from his estate. He writes a BOS that mentions in detail how she got the car's ownership, as well as describes its model and make. He also mentions that A has paid money to him for the car. However, that BOS will not be a sufficient proof that A has the legal ownership of the car in case the rightful owner still manages to show a legal title. A premade bill of sale template can be useful in such cases, as its legal authority will be the same as that of a well-executed handwritten BOS. For more information about what is a bill of sale, please visit this website.
While planning a future date of sale
It is often that a bill of sale is used to fix a sale date before time. For instance, A drafts a BOS mentioning that B will sell a vehicle to him on Monday. It is possible that A requires the money or probably B needs to use the vehicle until Monday. Their contract holds a minimum amount that has legal worth. The BOS is unlikely to be considered valid in court if A argues that he is the legal owner of B's car. An Ironclad BOS can be useful for people like A in such cases. For more information about getting a Tennessee car bill of sale, please click here.
Author Resource:-
Carl writes often about online legal drafting like affidavit, bill of sale and release/ waiver agreement to help the people. You can find his thoughts at free legal contracts blog. Please visit this site to get a sample bill of sale in Washington.
