Generic Bill of Sale Form - Montana

Do You Need a Bill of Sale in Montana?

You should consider completing a Montana Bill of Sale form if the seller needs a receipt of the sale and the buyer wishes to have documentation of the purchase. It is allowed to use a generic bill of sale to sell and buy personal property, and the parties may negotiate the terms of the deal and alter the bill of sale template to suit their needs.

Generally, you need to provide the following information in your bill of sale:

1. Seller and buyer's full names, residential addresses, and driver's license numbers;
2. Date of the sale;
3. Description of the item in full detail (its color, size, make, model, design, serial number or identification number, distinguishing marks, defects or faults);
4. Location of the sale;
5. An agreed sum of money and the chosen method of payment;
6. Warranties or special terms and conditions to the sale;
7. Signatures of both parties.

Additionally, the seller certifies that the description of the item is true and accurate. Once the papers are signed, make copies for both parties - not only for the recordkeeping but also to avoid potential disputes that may occur in the future.

Does a Bill of Sale Have to Be Notarized in Montana?

The parties to a transaction recorded on a Generic Bill of Sale do not have to have their signatures notarized. Montana Bills of Sale are legal if they comply with the following requirements:

1. Offer - a promise submitted by a seller to a buyer for acceptance, which becomes legally enforceable if the offeree accepts it;
2. Consideration - the monetary value of the goods must be reflected in the agreement;
3. Acceptance - granting of express or implied consent to be bound to the terms and conditions of an agreement by the involved parties;
4. Legal intent - a determination to enter into a transaction.

Related Templates and Forms:

• Other Bills of Sale for the state of Montana;
• Generic Bills of Sale by state.