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What Are The Two Types Of Vehicle Bill Of Sale Forms?

By Author: Carl Glendon
Total Articles: 99

A bill of sale template is a legally binding document that mentions in detail about the sale of an automobile and that the change of ownership is a valid one. It can be used as a source of reference if there are legal problems involved with the sale in the future. It serves as a protection for the seller and purchaser of a vehicle. Find out about the two types of bill of forms that can be prepared by a vehicle seller.

Absolute bill

It is used to consider the title transfer that is carried out. The seller, in case of an absolute bill, agrees that the customer has paid for the vehicle and that he is transferring its ownership to the buyer. He also agrees that every vehicle-related claim is transferred to the customer’s name. It is possible to get blank bill of sale form of this type from the internet, and customize it according to individual needs. To learn more about drafting a bill of sale in Ohio online, visit this website.

Conditional bill

It mentions that the customer is supposed to pay the purchase amount in installments, as per agreement. The document lets an owner get back the ownership of the vehicle until the customer pays for it in full. The seller can get back permanent ownership of his vehicle if the amount mentioned in the document is not paid even after payment time agreed on in the printable bill of sale. If you are selling your automobile, you can download a free printable bill of sale available online and use it as a template.

Author Resource:-

Carl writes often about legal drafting, rental & commercial lease agreements, power of attorney, Bill of Sale and help the people in such document needs. You can find his thoughts at free bill of sale form blog. For more information about getting a bill of sale in Wisconsin, please visit this website.

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