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A firearm bill of sale documents the details of a gun sale between a private buyer and seller, serving as proof of ownership transfer and protecting both parties legally. This video outlines essential information about firearm bill of sale forms and sources for free templates. It emphasizes that the process varies by state due to differing gun laws, with certain best practices applicable regardless. These include researching state-specific gun laws, considering trustworthy individuals as buyers, performing background checks as required or optional, negotiating sale terms, and creating a formal bill of sale.