An Idaho Generic Bill of Sale is a legal document that sets forth the terms and conditions of the sale of personal property. It is used as a receipt that describes all the details of a transaction between parties. An Idaho Bill of Sale is used when purchasing a range of personal goods, such as jewelry, bicycles, household appliances, furniture, business equipment, and tools. Both the seller and the buyer must sign it and keep a copy for their records.
If you need to sell or buy personal property, you can build your own Generic Bill of Sale with our customizable online template or download a ready-made one down below. Please note that there is a specific Bill of Sale for selling firearms and a separate Vehicle Bill of Sale for selling motor vehicles and boats.
Idaho is a non-notary state; that is to say, there is no legal requirement for a Bill of Sale to be notarized. However, the parties may agree to include witnesses and notary signatures for further protection against third parties.
Although Idaho Bills of Sale are not required for selling the property that must not be registered with the state, they are recommended in every transaction because it serves as proof of purchase and legal transfer of ownership. This document may become useful in the case of a potential conflict.
The document must include the personal information and contact details of the seller and the buyer, the date and place of the transaction, a description of the personal property that is being sold, the purchase price, and the signatures of the parties.
The description of the goods shall include a serial number, if applicable, or any data that helps to identify the item. The date, method, and terms of payment must be clearly set forth, especially if the item is not fully paid at the time of sale and there is a payment plan that the seller and the buyer have agreed to. If the transaction is a gift or a trade instead of a sale, this must be written in the document.
Moreover, the Bill of Sale must specify if the item is covered by a manufacturer's warranty, the date, and place of delivery, and any other condition the parties may deem appropriate to include. It is also good practice to formulate a seller's disclosure as regards to any known defect of the property.
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