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Delaware General Bill of Sale
A Delaware general bill of sale is a document that a seller prepares and gives to a buyer or trader of personal property. This document could be used to prove a lawful sale or transaction between persons, or between an entity and an individual in specific instances. It does, however, necessitate notarization. As a result, no signatures should be submitted until a notary has been hired to act as a witness and authenticator.

Does a Delaware bill of sale require notarization?

Yes, a Delaware general bill of sale should be notarized because it’s a private transaction with private property and there’s no paper trail by default. Because of that, they’re easier to dispute when there is no notary public present. Even when a bill of sale doesn’t require a notary public, it’s still a good idea to have it notarized or invite disinterested witnesses to improve its authenticity.

Is a Delaware Bill of Sale Required?

The state of Delaware does not require a bill of sale for selling or buying personal property, nor does it supply any government-issued document for this purpose.

When buying or selling personal property in Delaware, it is recommended that you complete a bill of sale, even though it is not legally required. When properly completed, this paperwork is equally important for both the seller and the buyer. It serves as evidence of purchase and often contains all pertinent transaction details. The buyers might use the paperwork to show that they are the legal owners of the specified products.

It can also be used as a purchase receipt, indicating the date the item was purchased and the price paid. The bill of sale is commonly used by sellers to absolve themselves of any obligation for the described property. To protect themselves from potential disputes, they frequently include a closing clause indicating that the customer purchases the item "as-is."

In Delaware, how do you create a bill of sale?

Most Delaware Bills of Sale include the following:

  • The seller's and buyer's contact information: Both parties must be identified and their physical addresses must be included in the information provided.

  • A detailed description of the item that was sold: The paperwork must include all relevant information needed to identify the transferred property, such as color, size, technical specifications, serial or registration number, and any other information the parties deem important. This part frequently includes a list of the item's flaws.

  •  Price of the sold product: The price is frequently expressed in both words and numbers; 

  • The date of the transaction: This section must be included in any bill of sale since it specifies the precise time the item is transferred to the new owner.

  • Other transaction details: If there are any specific terms in the sales agreement, they must be described in this document as well;

  •  The seller's and buyer's signatures.