Additional Considerations Language Requirements It proves that the buyer now owns the item and can absolve the seller of responsibility for the item’s use after the sale. Why Use a Bill of Sale?īeyond helping you fulfill specific legal requirements, a bill of sale also verifies an item’s transfer of ownership. Drafting a bill of sale is also a good standard practice when you buy or sell other valuable items. ![]() In the state of New York, a bill of sale is required whenever you buy or sell a motor vehicle or boat. As-is: A bill of sale marked “as-is” means that the buyer accepts the item in its current condition.Examples include warranties or agreements for the buyer to accept the item as-is. ![]() Terms and Conditions: In this section, the buyer and seller can document any mutual agreements in relation to the sale.Description: This section includes identifying information like visual descriptives, serial numbers, item makes and models, the condition of the item being sold, and so on. ![]()
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