November 20, 2020. Utah, US

Now you can easily create a Bill of Sale online for any personal property that you are selling. Thanks to Forms Legal, the US leading legal forms site, hardly takes a few simple steps to create it bill of sale template Utah.

A bill of sales is legal documents that work as evidence of sale. When you transfer personal property ownership, the buyer needs proof to claim the ownership, and Bill Of Sale is the document that shows it. Whether a vehicle, boat, equipment, aircraft, firearms, or branded animal is being transferred, a bill of sale can be used.

You may ask why a bill of sale is needed when an invoice or receipt is provided. Well, an invoice or receipt shows that the transaction actually happened. However, it has limitations while handling legal liabilities arising after sale. It is where a bill of sale helps. It’s legally binding in nature. So, if there is any legal issue after the sale has taken place, the bill of sale will protect you from any liability due to fraud, theft, or mistake. A bill of sale makes the purchase valid and ensures that it is genuine. It also proves that the price paid is what the buyer has claimed it.

So, when would you need it? For instance, you have decided to sell your old motor vehicle. Once the deal is done, you can issue the sale bill when making a transaction to complete it. Earlier, creating a Bill Of Sale was tedious. However, now it can be created easily online following a series of steps. Keep the details handy to be filled at the time of filling the form. Once you are done creating it, take a print, sign it and hand a copy to the buyer. You can mail it too. However, as mentioned earlier, the bill of sale is a legal document. So, it may need to be notarized as per the laws of Utah.

Details needed in a bill of sale are the actual transaction details. While the details vary depending on the item in question, here are some details for the generic sale bill. Name and address details of the buyer and the seller with full contact information—the transaction date and the purchase consideration. Mention the date on which the transaction took place and the type of transaction. Whether it is cash-based, for a gift, or trading, it must be mentioned clearly. Any terms and conditions, these must be in the bill of sale. The description of the item, warranty information, seller disclosures is must to include. Finally, the bill of sale is signed by the buyer and the seller on the specific date. If needed, the bill of sale has to be acknowledged by the notary public.

When you are entering the description of the item on sale, some essential information must be provided. It is a serial number for the equipment, furniture, electronic item, engines, boats, trailers, or bicycles. Registration or unique identification numbers of vehicles, aircraft, watercraft are also mentioned. If the branded animal is being sold, its registration number is provided too. The model number for vehicles, car, watercraft, etc. also needs to be provided. The selling price of the item should be mentioned clearly.

Here is what a user said, ‘I have used Forms.Legal for creating aircraft bill of sale and have found it to be very useful.’

To know more visit at https://forms.legal/blog/why-do-you-need-bill-of-sale-in-utah