A bill of sale is generally a document which proves the transfer of the ownership of any good from one person to another one. With regards to matters livestock, this document showcases the transactions and finer details involving the sale and transfer of livestock from one person to another. It represents a description of the livestock that is being transferred. This includes the finer details of the animal like its breed, health, species, weight, and other pertinent issues. Also, it showcases the costs involved, any taxes applicable, and the final selling price.
Why bill of sale is necessary?
Proof of Transfers
This document is mainly used to prove that the cattle in question was indeed transferred to a new owner. That is because it contains all the details which pertain to the cattle. Also, it displays the names of both the current and the new owner.
Given that it contains hard facts about the animals, it also serves as a good reference for any future disputes. For instance, when the new owner wants to transfer it to a third party, that person may ask him to produce the information concerning the original owner.
Litigations and Court Cases
It is not uncommon for disputes regarding the animals in question to arise later. Yet again, this document comes in handy at such times. It may be used to settle any disputes or argue out a point in a court case.
Lastly, of course, is the issue of taxation. Many states and jurisdictions demand that taxes be paid whenever any property changes hands. The information contained in this document may be used for taxation purposes at a later date.
Following animals can be sold with bill of sale:
Cattle, Sheep, Goats, Horses, Pigs, Donkeys, Mules and Camels.
Contents of Livestock Bill of Sale
Though this document varies in scope from jurisdiction to another, it contains some universal contents. Below are some of the details you will find in all documents of its kinds, regardless of where they might be in use:
a.) Date of the Sale
b.) Name and address of the seller
c.) Name and address of the buyer
d.) Livestock address
- Any other relevant piece of information
e.) Final price of purchase
f.) Deposit (if applicable)
g.) Period of inspection
h.) Dates and signatures of the seller, buyer, and any other witness
Important: For this document to be considered valid and admissible, it must be notarized. This entails getting to a public notary and seeking such approval. You just have to walk into the nearest notary office and request for such an approval. Some jurisdictions may require that you pay some money for this service.
Free livestock bill of sale forms
We believe you can now go ahead to make good use of this document. Just follow the tips we have listed above to know how important the document could be to you. Having done our part, we now leave it to you to carry on from where we have left.