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A Bill of sale contract template is signed between buyer and seller before the transaction of any type of goods, business and property. In this contract the terms and conditions of buying, selling, buying dates, timings, bill or price as well as the due date of payment are also included in this contract. If both parties are agreed so they can sign this contract and transaction is done between them. This contract is commonly used by any for quick and easy downloading.

Definition:

A bill of sale is a document that transfers ownership of goods from one person to another. It is used in situations where the former owner retains possession of the goods. Bills of sale may be used in a wide variety of transactions: people can sell their goods, exchange them, give them as gifts or mortgage them to get a loan. They can only be used:

  • to transfer ownership of goods that people already own;
  • to transfer ownership of movable tangible goods; and
  • by individuals and unincorporated businesses.

Bills of sale exist at common law quite independently of any legislation. In England and Wales, they are regulated by two Victorian pieces of legislation: the Bills of Sale Act 1878 and the Bills of Sale Act (1878) Amendment Act 1882. This area of the law was subject to review by the Law Commission, which published a consultation paper on 9 September 2015.

By: https://en.wikipedia.org/wiki/Bill_of_sale

 

Bill-of-Sale-Contract
Download: Bill of Sale Contract Template