How to Create a New Bill of Sale Template by Using Microsoft Word
A bill of sale is a legal document that details full information of a transaction (goods or property) from one party to another. This type of document can be used as legal proof of full consideration in a transaction that the seller has given up his/her right to the goods or property that they owned to another party.
The details of the transaction will be stated in the bill of sale. If you want to create a simple bill of sale, you can do so by using a template that is available in Microsoft Word. This way, you can use the template easily and you will be able to edit it to fit your business’s needs too.
When creating your template with the template that is already available for the company’s bill of sale, you can create it to be as simple as possible or a more complex one with more details in it too. This will all depend on the type of the transaction (purpose of the document).
The bill of sale can also be used as a receipt for the buyer. Once they have received the goods along with the document, they will have to do their payment with the method that is stated in the document as well. Not only that, since the goods have arrived at the buyer, they will also have to pay before the deadline too.
There are 2 different types of bill of sale. One is the absolute bill of sale and the other one is the conditional bill of sale. Both documents can be created by using a template. An absolute bill of sale does not represent any kind of bond. It is just a supporting document that states the transfer, individual, or company asset.
Substantially, it is used no more than just a transaction contract that binds the parties involved legally. As for the conditional bill of sale, it states all the conditions of the transactions including the bond and contract that the buyer must uphold. If they do not fulfill their duties in doing their payment in time, their goods or properties could get confiscated too.
The terms bill of sale refers to all the word itself, as in it is absolute proof of ownership for a property or goods by a person, institution, or a company that has been transferred from another party. It can also be used when you are going to transfer those ownerships to another party.
Then you will have to create a new bill of sale and both of the parties need to sign the documents too. If you are interested in a free template of this type of document, you can download one for free by clicking on the link provided at the bottom of this page as well.
Bill of Sale Template Word – download