For example, as the seller of the motorcycle, you do not want to be liable for it any longer. Why Should Use a Bill of Sale to Buy or Sell a Motorcycle?Ī bill of sale provides you with necessary guarantees in case of disputes and other problematic situations. If you wish to have a document consisting of multiple clauses and describing various terms of ownership transfer, then you need to prepare a contract of sale or a similar document, allowing adding as many sections as you need. It is a short document that includes only the most important details of the transaction. When buying or selling a motorcycle, both the seller and the buyer need to have the document proving the change in ownership. It is used in transferring ownership of different types of property. A bill of sale is a legal document that serves as a receipt.
