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What Should Be The Main Sections In A Horse Bill Of Sale?
A horse bill of sale is the name given to a legal document that shows that the ownership of a horse is transferred from one party to another. This kind of document is used commonly for recording ownership transfer of a horse, and similar papers are used for recording sales of boats, motorcycles, autos, aircraft etc. As a rule, a seller drafts this kind of document and comprises of transaction details. It can keep both sellers and buyers protected, and avoid disagreements later. Know about the main sections of such a document.
Date of purchase
You have to mention the exact date on which you are signing the document, and when the ownership is being transferred. Even in case the payment is pending and is supposed to be paid in installments, your bill of sale should comprise of the date within which you would like the transfer of ownership to be completed.
Name and address
The document should also contain the name and location of the buyer as well as the seller. The permanent address should be mentioned, and any other contact information should also be included.
It must also have the signatures of all parties concerned – the buyer, the seller and a notary public. You cannot simply prepare such a document and expect it to be legally binding. It is easy to find free templates of these documents online, and you can customize it according to your situation. However, it has to be signed and notarized so that it becomes legal.
The document should of course have a description of the horse that is being transferred. How well the document is prepared affects how you buy and sell a horse. The language used on the paper has a big impact on the legality of the ownership transfer process. To learn more about drafting a Arkansas vehicle bill of sale online, visit this website.
You have to mention the total amount that is to be paid for the entire ownership transfer process. Make sure that it is mentioned that the horse is free of all types of offsets and claims. There should be a mention of whether warranties or representations are offered.
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 bill of sale forms blog. For more information about getting a bill of sale in North Carolina, please visit this website.
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