![]() A bill of sale can also provide legal protections and help avoid legal disputes. In some cases, a bill of sale is legally required to get a title for an asset. If you decide to draft a bill of sale for your use, you should understand the requirements this document must meet in the state of New Jersey. You can use a template provided by a professional document management service like PandaDoc or you can draft your own. In New Jersey, a bill of sale is required if you’re buying a motor vehicle or boat. Sometimes, using one is a legal requirement. It’s always a good idea to get a bill of sale for expensive items. Digital signatures are acceptable if they are received through a certified digital signature provider such as PandaDoc. ![]() Certification/Signature: For a bill of sale to be valid, all parties need to sign it.Gift: A gift bill of sale is useful for filing taxes on the transfer during the next year if someone is giving another person a large gift. ![]()
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