This means that a Bill of Sale serves quite a different purpose from a Sale of Goods Agreement, (or a Vehicle Sale Agreement, in the case of a vehicle), although these documents look quite similar and may have many things in common.Ī Sale of Goods Agreement is generally signed and exchanged between the parties ahead of time. A Bill of Sale identifies the goods that are being transferred and allows the buyer to prove ownership of the goods, if there is a later dispute.
It acts as a proof of purchase, and is usually exchanged at the time that the ownership is actually transferred (for example, when car keys are handed over in exchange for cash). A Bill of Sale is a document that is used to transfer ownership of a good or goods from a seller to a buyer.
