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A firearm bill of sale records the details of a private sale of handguns, rifles, or shotguns, ensuring legal protection for both buyer and seller. This video covers the crucial aspects of firearm bill of sale forms and where to obtain a free official template. It emphasizes the importance of understanding state-specific gun laws, as requirements differ across all 50 states. Despite these variations, six best practices are recommended: research local laws, ensure the buyer is trustworthy, conduct a background check if needed, negotiate sale terms, and create a bill of sale.