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A firearm bill of sale documents the sale of a handgun, rifle, or shotgun between private buyers and sellers, serving as a means to transfer ownership and protect both parties from legal issues. This video covers key information about firearm bill of sale forms and where to obtain an official template for free. It emphasizes best practices for selling a firearm, which can vary by state due to differing gun laws. Key steps include researching state laws, selling to trustworthy individuals, conducting background checks (when required), negotiating sale terms, and creating a bill of sale. The video aims to guide viewers through the essential process of firearm sales.