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A firearm bill of sale records the details of a handgun, rifle, or shotgun sale between a private buyer and seller, ensuring ownership transfer and legal protection for both parties. This video outlines vital information on firearm bill of sale forms and free official templates. It emphasizes that procedures differ across the 50 states due to varying gun laws, but provides six best practice steps to follow: research state laws, consider selling to a known person, conduct background checks (as required or optional), negotiate sale terms, and create a bill of sale.