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A firearm bill of sale records the details of a sale between a private buyer and seller for handguns, rifles, or shotguns, serving to protect both parties legally. This video outlines key information about firearm bill of sale forms and where to find a free official template. It emphasizes that selling firearms involves understanding varying state laws, which can differ significantly. Despite these differences, six best practice steps are recommended: research state laws, sell to a trustworthy person, perform a background check (if required), negotiate sale terms, and complete a bill of sale.