A livestock bill of sale is a document used during a sale or purchase of farm animals. These include chicken, cows, sheep, pigs, horses, and other domestic animals. When the buyer and seller come to a consensus, the bill of sale document will act as a binding contract of the deal. It provides evidence that the transfer will occur at a particular date, the cost of the livestock, as well as the payment details.
The purchase agreement allows the seller to carry out a health inspection with a professional veterinary officer to ascertain the current state of the animal. This typically happens after signing the agreement or before the sale date.
If the animal is in good condition, the deal will be made as per the agreement and payments finalized in the presence of witnesses and a legal representative.
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Whether you want to sell or buy a goat or any other animal, it is paramount to use a livestock bill of sale. The document protects the interests of both parties in the agreement in case of fallout. It is a binding form that shows proof of transaction, date of sale, names, and signatures of all parties involved. Hence, it compels each person to keep their end of the deal without malice. It also prevents liability issues from the new owner after the animal has been sold.
The details on the form allow the transaction to happen seamlessly without any issues. After the buyer verifies that the livestock is indeed what is in the agreement, the transfer can occur without either party feeling shortchanged.
It is challenging to compose a livestock bill of sale, especially for first-timers. With all of the legal jargon and contract terminologies, you may be confused about where to start. That is why we offer a customized bill of sale template at our site. You can download it for free and tailor it according to your sales needs, or you can use the form builder to fill in the details and generate a highly customized form within no time.
You also have an option to contact lawyers on how to conduct your sale or purchase. Although it is costly, you will get a high-quality document. Each law firm has its price, and if you are on a budget, you will have to scout for a reasonable deal. It might be cumbersome, plus you will have to reveal too much information such as your physical address and other private details.
So, take advantage of the online livestock bill of sale and proceed to look for prospective buyers.
Whether you want to put up your livestock for sale on a public auction or by word of mouth, and you have no idea how to fill out an animal bill of sale, follow our step by step guide below:
Step 1. Describe the Livestock
Make a detailed description of the animal. Include the type of breed, the color, weight, vaccination history, and health details, plus any additional information that a prospective buyer needs to know. Take good pictures, if possible, and be honest about the condition of the livestock.
Step 2. Set the Price of Your Animals
Come up with a reasonable price for the animal considering the current market price. Do not exaggerate since you might chase away prospective buyers.
Step 3. Offer Your Livestock for Sale
Here, you need to know where and how you will sell your animal. Is it a public auction, private farm sale, or a local arrangement with the buyer? Whatever your decision, ensure that your bill of sale is ready.
Step 4. Meet With Potential Buyers
Arrange an official meeting with the prospective buyer and proceed with negotiations. If there is a consensus, plan for an inspection after the signing the livestock bill of sale below.
Step 5. Complete a Livestock Bill of Sale
Here are the details in the bill of sale:
You can get a certificate of acknowledgment from a legal representative as insurance of the new ownership.