![]() This includes sales conducted on online platforms, sales of previously owned items, sales involving high-value items, etc. It serves as proof that the buyer is content with the business’s condition at the time of purchase and protects the seller from requests for a refund from the buyer.Ī business bill of sale form is required in any situation where a party is looking to sell an item. Generally, the “as-is” condition emphasizes the current state of the asset under consideration and specifies that no guarantees or warranties come with the sale. ![]() In addition, it serves to protect both the seller and buyer of a business in the event of a future dispute.Įxecuting a business bill of sale form usually comes with the agreement to sell the business “as-is”. Thus, the business bill of sale form usually carries more significance than the normal sale receipt. The seller of a business normally drafts this document, and it specifies the details of the arranged transaction. ![]() Generally, a Bill of Sale helps facilitate a broad range of dealings like the sale of motor vehicles, houses, etc. A Business Bill of Sale Form is a legal document that details the transfer of ownership of a business from an individual or entity to another based on an agreed-upon set of terms.
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