![]() In Tennessee, a bill of sale is helpful if you’re buying or selling a boat or a motor vehicle. Digital signatures are legal if they are received through a certified digital signature provider, such as PandaDoc. Certification/Signature: All parties involved must sign a bill of sale in order for it to be legally binding.Gift: A gift bill of sale can help both the recipient and giver file taxes for the year.As-is: If a bill of sale lists the item as being sold “as-is,” then the buyer agrees to buy the item in its current state with no holds on the seller.The witness can be a notary public or an agreed upon third party. Witness information: Some bills of sale must be witnessed to be legally binding.Property location: This is the property’s whereabouts, which is particularly important if it’s out of state or far away from the buyer or seller.Property: The item that’s being transferred is the “property.” The bill of sale should list the date of transfer and a description of the property.Sales tax: If the sold item is subject to sales tax, the bill of sale should explain how much sales tax should be paid and whether the tax is included in the price. ![]() ![]() Their name and address should also be included, along with details on any additional buyers. Buyer: The person taking ownership is the buyer.Seller: Bills of sale should include primary seller information, such as their name and address, as well as that of any additional sellers.
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