A Maine Generic Bill of Sale is a legal document that records the details of a transaction signed by a seller and a purchaser. It is essential in any transaction, especially if it is something expensive, for example, real estate or a vehicle. Along with a certificate of registration, a Bill of Sale is generally enough to prove that you are the new owner of an item. It describes the property and serves as a receipt for both parties. Since the courts recognize properly drafted Bills of Sale, it is important to compose them to protect the parties in the event of any disputes that may occur in the future.
Usually, this document includes the following information:
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