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A firearm bill of sale is a document that outlines the details of a gun sale between a private buyer and seller, serving to transfer ownership and protect both parties legally. This video covers important information on firearm bill of sale forms and where to find a free official template. It emphasizes that firearm selling procedures differ across all 50 states, with varying legal requirements. Nevertheless, there are six best practice steps: research state-specific gun laws, consider selling to a trusted person, conduct a background check (if required), negotiate sale terms, and create a bill of sale.