Put the versatility and importance of a motorcycle bill of sale aside for a moment. The truth is that it is a relatively simple and straightforward document, so much more than many others. The entire goal in how to write a bill of sale for a motorcycle is clarity in a sale, which means vague representation and jargon are not usually considered.
However, there are some basic categories of information when you want to write a bill of sale for motorcycle for it to be fit for its purpose. These include:
1. Identification information of the parties
One of the most important features when you write a bill of sale for motorcycle is the identification of the parties.
It is usually the buyer's and seller's names and addresses. Very often, it also includes their phone numbers and email addresses. If one of the parties is conducting the sale on behalf of an establishment or business, they might use the organization's registered name and office address.
Different states and regions may have different regulations guiding transactions involving motorcycles. In recognition of this, the parties that write a bill of sale for motorcycle must indicate the jurisdiction within which the sale is being carried out.
This is especially necessary if the buyer and seller are situated in different states or countries. They can determine what laws come into play in the event of a dispute.
3. Motorcycle information
It is a no-brainer that a motorcycle bill of sale will contain information about the motorcycle in question. This part is usually extensive, covering aspects such as the Vehicle Identification Number, model, color, make, and the year it was made or purchased, among others.
It also reflects the condition the motorcycle is in when the parties write a bill of sale for motorcycle. Additionally, this part contains the odometer reading at the time of purchase, as some jurisdictions specifically require its inclusion.
4. Terms of sale
The other sections of the bill of sale may have covered most of the basics. However, some sales have some additional information and terms attached to them.
It could be a stipulation to have some parts of the motorcycle fixed, an agreement for payment in installments, or some other condition. These are also fundamental to the sale and must be included when you write a bill of sale for a motorcycle.
The signatures confirm that each party agrees to the motorcycle bill of sale terms, and the agreement now binds them.