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Residential Lease Agreement
  1. Nevada Partnership Agreement Document
  2. Power Of Attorney Form in NY
  3. Separation Papers
  4. Car Bill of Sale
  5. Quitclaim Deed Form
  6. Car Bill of Sale in Arizona
  7. Separation Agreement in Virginia
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  15. What Is The Quitclaim?
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  25. Why Would You Need A Promissory Note Template?
  26. What Is The Importance Of A Quit Claim Deed?
  27. What Is A Release Waiver Form Used For?
  28. What Does A Rental Lease Agreement Include?
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  30. What Is The Bill Of Sale And Why Should You Use It?
  31. What is a Commercial Lease Agreement?
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  33. Types Of Liability Waivers That You Can Get
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  37. How Does A Prenuptial Agreement Work?
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  40. Rental Agreement And Its Importance In Modern Times
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  42. What are Affidavits Used for Legally?
  43. What the Need for a Bill of Sale Agreement?
  44. How is a Bill of Sale Prepared?
  45. What is covered in a Commercial Lease Agreement?
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  49. Why is a Power of Attorney Form Needed?
  50. What is the Need for a Prenuptial Agreement?
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  54. Top Terms Used in a Rental Lease Agreement
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  56. Affidavit Document In A Legal Situation
  57. What Should a Car Bill of Sale Include?
  58. Why Does A Bill Of Sale Matter?
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  66. Signing a Residential Lease Agreement
  67. Legal Separation Agreement
  68. How to Prepare a Commercial Lease Agreement?
  69. What Are Some Types Of Last Wills Used Today?
  70. Prenuptial Agreement Important Before Marriage
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  75. Purpose of a Bill of Sale
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  77. Is It Necessary To Get A Power Of Attorney?
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Car Bill of Sale {{ currentPage ? currentPage.title : "" }}

Car Bill of Sale - Why Is It Needed?

Creating a car bill of sale can be a wise decision if you are thinking of selling your vehicle to some person. This type of document mentions the names of the seller and buyer, car details, transaction date, purchase price of the vehicle etc. This kind of bill of sale is a legally binding document which outlines the deal terms and acts as a proof of sale of the car.

Why Are Car Bill of Sale Documents Needed?

Car bill of sale documents are especially common in case of sales of recreational vehicles, trucks or cars.

Works as record of transaction

It serves as a transactional record, and acts as a receipt as well as an invoice. It mentions any conditions or guarantees associated to the sale of vehicle.

Removes liability of seller, thereby granting him protection

An Illinois bill of sale can show that the seller is not liable anymore for the car that he sells, in case it is involved in some accident. In case of a dispute that goes to court, the document would be reviewed to check the terms and conditions that both the buyer and the seller consented to honor.

Even if a bill of sale is not mandatory in your state, it is a good idea to prepare one to get some additional protection for yourself as a seller. If you have plans to sell your car you can be protected by a Bill of Sale document. it can be easy for you to prevent confusion misunderstandings and confusions with the buyer. Even if a bill of sale is not required in your state, having one in place can be additionally useful for you.

Legal requirement in some states

In many states in the United States, bill of sale documents are required legally. These include states like Idaho, Hawaii, Colorado, Alabama, New York, Washington, Rhode Island, West Virginia, Ohio, Vermont etc.

In a few states, this kind of document needs to be notarized - so as to be deemed as valid. States like Montana, West Virginia, New Hampshire, Maryland, Nebraska and Louisiana need a notary public for witnessing signing of bill of sale documents by both parties.

About Author-

Carl writes often about legal drafting, rental & commercial lease agreements, power of attorney, Bill of Sale and helps the people in such document needs. For more information about getting an Illinois bill of sale, please visit this website.

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