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A firearm bill of sale is a document outlining the details of a sale between a private buyer and seller, crucial for transferring ownership and providing legal protection for both parties. This video covers important information on firearm bill of sale forms and where to find free official templates. It emphasizes that since gun laws vary by state, the process for selling a firearm also differs. Despite these variations, there are six best practice steps: research your state's gun laws and sale requirements, consider selling to a trustworthy individual, perform a background check if needed, negotiate sale terms, and create a bill of sale.