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A firearm bill of sale is a document that records the details of a sale between a private buyer and seller of a handgun, rifle, or shotgun, serving to transfer ownership and protect both parties legally. In this video, the focus is on essential information regarding firearm bill of sale forms and where to obtain a free official template. It highlights the differing gun laws across the 50 states, noting that while processes may vary, there are six best practices to follow. These include researching state gun laws, selling to a trusted individual, performing background checks (as required or optional), negotiating sale terms, and creating a bill of sale.