Offer: The agreement to exchange the vehicle for an amount of money. ![]() Each state has different rules for what they consider a valid bill of sale, but a contract itself must abide by the following rules: What Does a Bill of Sale Need to be Valid?Ī bill of sale acts as a contract between the buyer and seller of a horse. In short, a properly executed Bill of Sale will protect you from future liabilities. Whether you giving or receiving cash for an item, you want proof of the transaction in the event someone makes a claim against ownership (if you are the buyer) or if someone is injured on the horse (if you are the seller). There is one general reason why you want to get a Bill of Sale in Maryland when purchasing or selling a horse:ġ. ![]() We suggest securing a valid bill of sale to properly document the sale including the sales price, buyer and seller warranties and details regarding the health condition of the equine. When purchasing or selling a horse in Maryland you always want to document the transfer of the equine from the seller to the buyer.
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