Purpose of a Bill of Sale

There are many legal documents that need to be signed in order for a sale or purchase to be consummated. A few of these are the purchase agreement, the lease agreement, and the bill of sale. Broadly speaking, a bill of sale is a document that formalizes the transfer of ownership of goods from one entity to another. In practice, it is often used to document sales of real estate, cars, and other assets. If you want to create one for the transfer of a vehicle ownership title, a free bill of sale for car template can be useful.