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an equipment bill of sale documents a sale between a buyer and a seller of a certain equipment or tool its a great form to use when selling equipment privately and it serves as a receipt or proof of purchase for both parties to keep in this video well discuss essential information about equipment bill of sale forms as well as where to get an official template for free first its important to recognize and understand the importance of a bill of sale generally bill of sale forms establish the details of a transaction between a buyer and a seller they state the terms of the agreement including purchase price description of item being sold buyer and sellers information date of the sale signatures of both parties and any additional terms or warranties drawing up a bill of sale ensures that both parties are held accountable to the agreed-upon terms and the document also serves as a written and signed confirmation of the sale were there to be any legal disputes the document functions as wr