Structure
The Michigan Motorcycle Bill of Sale form serves as an essential document for anyone involved in the buying or selling of a motorcycle in the state. This form is not just a piece of paper; it provides a clear record of the transaction, protecting both the buyer and the seller. Key details such as the motorcycle's make, model, year, and Vehicle Identification Number (VIN) are crucial for identification purposes. Additionally, the form captures the sale price, ensuring that both parties agree on the value exchanged. It also includes spaces for the names and addresses of both the buyer and seller, which helps in establishing ownership and provides a reliable point of contact. By signing the document, both parties acknowledge the terms of the sale, making it a binding agreement. This straightforward yet vital form helps to streamline the process of transferring ownership, ensuring that all necessary information is documented and easily accessible for future reference. Understanding the importance of this form can lead to a smoother transaction and greater peace of mind for everyone involved.
Form Example
Michigan Motorcycle Bill of Sale
This document serves as legal proof of the sale and transfer of ownership of a motorcycle in the State of Michigan. It is advised to consult the Michigan Vehicle Code for any state-specific requirements relevant to the sale or purchase of a motorcycle.
Date of Sale: ______________________
Amount: $__________________________
Seller's Information:
- Name: _______________________________
- Address: _____________________________
- City: _______________________________
- State: Michigan
- Zip: ________________________________
- Phone: ______________________________
Buyer's Information:
- Name: _______________________________
- Address: _____________________________
- City: _______________________________
- State: ______________________________
- Zip: ________________________________
- Phone: ______________________________
Motorcycle Information:
- Make: _______________________________
- Model: ______________________________
- Year: _______________________________
- VIN (Vehicle Identification Number): _____________________
- Color: ______________________________
- Odometer Reading: ___________________ miles
Both parties involved agree that the motorcycle described above is sold as-is, with no warranties or guarantees made by the seller, unless otherwise specified:
Additional terms and conditions:
Seller's Signature: ___________________________ Date: _________
Buyer's Signature: _____________________________ Date: _________
This document is executed in compliance with the laws of the State of Michigan and is considered binding upon the Seller and Buyer. All Parties acknowledge receipt of a complete copy of this Bill of Sale and understand its contents.
Notice: It is recommended to retain a copy of this document for your records and proceed with the necessary steps for title transfer and registration as per Michigan state laws.
Document Properties
| Fact Name | Description |
|---|---|
| Purpose | The Michigan Motorcycle Bill of Sale form serves as a legal document to record the sale and transfer of ownership of a motorcycle between a buyer and a seller. |
| Governing Law | This form is governed by Michigan Compiled Laws, specifically under the Michigan Vehicle Code (MCL 257.233). |
| Information Required | The form typically requires details such as the motorcycle's make, model, year, Vehicle Identification Number (VIN), and the purchase price. |
| Signatures | Both the buyer and seller must sign the document to validate the transaction, ensuring mutual agreement on the sale. |
| Record Keeping | It is advisable for both parties to keep a copy of the signed Bill of Sale for their records, as it may be needed for future reference or registration purposes. |
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