Additional Considerations Language Requirements For the seller, a bill of sale offers protection from liability concerns over how an item is used after the sale. It provides proof of ownership for the buyer, which can help avoid legal disputes. Why Use a Bill of Sale?īesides satisfying state legal requirements, a bill of sale can prove useful for several other reasons. If you do decide to draft your own bill of sale, be aware that there are a number of requirements you need to satisfy in the state of New Mexico. You can use the form the state of New Mexico provides ( MVD 10009), or you can draft your own. While drafting a bill of sale is good standard practice for the purchase of many big-ticket items, they are not required for the purchase of boats or motor vehicles in the state of New Mexico unless the title is missing. PandaDoc offers the option for legal digital signatures. Digital signatures are valid if they are done through a certified digital signature provider. Certification/Signature: The signature of the seller and/or buyer, depending on the form, finalizes the transfer.The witness can be either a public notary or a party agreed upon by the buyer and seller. Witness information: If a witness is present to sign the bill of sale, their full name, address, and other contact information will be listed here.Property: This section includes the date of the property transfer as well as any special conditions to the sale like “under warranty” or “as-is.” The VIN, plate number, and odometer reading for vehicles are listed here.Buyer: This details the information of all buyers. Seller: This includes the seller’s information, including name and address, as well as any additional sellers.Property location: This specifies the location of the item for sale.
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