![]() Both parties involved in the deal typically accept to sell or buy the product in the condition it is “as-is”. A Bill of Sale can be used by a business for procurements where full payment has been made during the time of acquisition. ![]() This document can be used to transfer ownership of goods already owned by an entity or physical goods produced by a business. This document typically carries more weight than any ordinary sale receipt as it has a signature from both the parties involved in a sale. This serves as proof of payment and purchase. ![]() It is recommended that both parties preserve a copy of the fully executed document. A Bill of Sale is intended to protect both the seller and buyer of an asset and it can be used should a future disagreement arise.
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