Bill Of Sale Form For Illinois

State:
Illinois
Control #:
IL-17073-MH
Format:
Word; 
Rich Text
Instant download

Description

The Bill of Sale form for Illinois is a crucial legal document that facilitates the transfer of personal property from a seller to a purchaser. This form outlines specific details including the identity of the seller and purchaser, a description of the property sold, and the agreed purchase price. It serves to protect both parties by documenting the terms of the sale, including representations and warranties made by the seller regarding their ownership of the property and the absence of liens. For users such as attorneys, partners, owners, associates, paralegals, and legal assistants, this form is particularly useful in ensuring compliance with Illinois state laws regarding property transactions. Users should complete the form by entering all required information accurately, as any errors could lead to disputes later. Additionally, the form should be signed and dated by the seller to validate the transaction. The Bill of Sale can be utilized in various situations, including sales of vehicles, equipment, or other valuable personal items, making it a versatile tool in legal and business contexts.

How to fill out Illinois Bill Of Sale?

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FAQ

Since Illinois does not legally require a bill of sale, the DMV does not provide one. If you are looking for a template or example document, there are plenty of useful forms available online via search. Once you have found a form, make sure to print off two copies: one for you and one for the buyer.

The following information should appear on the Illinois Bill of Sale Form: Name and address of the seller. Name and address of the buyer. Complete vehicle description, including Vehicle Identification Number (VIN), make, model, year.

Bills of sale do not require notarization in the state of Illinois, but it is always an option.

A Bill of Sale typically includes:The full names and contact information of the buyer and seller.A statement that transfers ownership of the item from the seller to the buyer.A complete description of the item being purchased.A clause indicating the item is sold "as-is"The item's price (including sales tax)More items...

Complete and mail the Notice of Sale form (attached to the bottom of the title) to the Secretary of State's office. If the title does not contain a Notice of Sale form, it may be down- loaded at .

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Bill Of Sale Form For Illinois