Bill Of Sale Legal Meaning and Definition

Here is a simplified definition of the legal term Bill Of Sale.

(n) Bill of Sale

A bill of sale is a written legal document that confirms the details about a purchase between two parties, the seller and the buyer. It typically includes information about the item or items sold, the price paid, and the terms and timing of ownership transfer. This document serves as a proof of purchase, often needed for tax purposes and to verify ownership.