Carl Glendon

What Should You Include In An Equipment Bill Of Sale?

An equipment bill of sale is used most commonly when there is transfer of ownership of equipment from one person to another. It is best for the purpose of clarity to create such a document on a PC rather than using a handwritten agreement. This type of sale bill has to include all the important pieces of information, so as to make it legally valid in a court of law. Find out what should be included in such a document.

Contact information

The sale bill needs to have the full name of the buyer as well as the seller who are part of the transaction, and also include their phone number and address.

Equipment description

You have to also write down the description of the equipment, as well as the year of manufacture, model no, serial no (if any) and the purpose it is used for. Generally, it should be enough to write down the description and serial number of the equipment. Those who know how to make a bill of sale for equipment will recommend that you include any or all identifying information related to the same. Please visit this site to get a sample bill of sale form.

Other information

The bill of sale must also have the purchase price, date of the agreement as well as any identifying number for the item that is sold. Both parties are required to sign the bill of sale in order to make it complete.

Terms of the agreement

The terms of the agreement must be included as well. A limited guarantee might be offered by private sellers, for instance, or the item might be sold in as 'as is' condition. Any understanding or verbal agreement about the condition of the equipment must also be mentioned in writing. If there is failure to record all the particular terms, there can be misunderstandings at a later time. For more information about getting a house rental agreement sample, please visit this website.

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 online bill of sale forms blog. To learn more about drafting a free printable bill of sale for vehicle in Alabama online, visit this website.