Wisconsin General Bill of Sale
When trading private items in Wisconsin, a Bill of Sale is not required except the transaction involves cars, real estate, or mobile homes. Although it is not required by law, it is highly advised to complete a Bill of Sale because it is equally necessary for both individuals or entities. It serves as evidence of acquisition and lays down all of the details of the transaction. The form will be used by purchasers to prove that they are now the legitimate holders of the items, and it will be used by vendors to relieve them from any responsibility for the stated item.
In Wisconsin, a bill of sale must include the details outlined below:
Both the vendor and the purchaser's private details are collected. Include both individuals or entities' names, mailing addresses, and driver's license numbers to the list.
The following is a description of the traded item. Include all necessary information that can be used to recognize the transferred property in the future, such as its size, color, serial number, model, and make, as well as any other features that the individuals consider vital. In this part, you may also provide a list of the property's flaws;
Warranty disclaimer indicating that the buyer accepts the item "as-is" or outlining any warranty conditions provided by the vendor;
The cost of the specified item. It is preferable to enter the amount in both words and numbers. If the property is being given as a gift, make a note of it on the bill of sale.
Information about the transaction: The date on which a document takes effect must be included in every document. If the transfer is made under any unusual circumstances, be sure to include them in this section. If the payment is divided into numerous parts, for example, indicate the amount of each part and the due date for each part.
Both the seller's and the buyer's signatures are required. The signatures are an acknowledgment that the vendor willingly turns over the indicated goods and that the buyer accepts them under the terms stated. Prepare two original copies of the document and preserve one for your records.
Make available two prototype copies of the document for each party.
Although the document is not required to be notarized, you may choose to have your Bill of sale authenticated for further legal security.