![]() Each state has different rules for what they consider a valid bill of sale, but a contract itself must abide by the following rules: What Does a Bill of Sale Need to be Valid?Ī bill of sale acts as a contract between the buyer and seller of a Trailer. In short, a properly executed Bill of Sale will protect you from future liabilities and allow you to register the vehicle. A proper bill of sale will be necessary when applying for registration as you will need to show ownership of the trailer. ![]() Your state may require the trailer be registered with the department of motor vehicles. Whether you giving or receiving cash for an item, you want proof of the transaction in the event someone makes a claim against ownership (if you are the buyer) or if someone is injured by or on the trailer (if you are the seller). There are two general reasons why you want to get a Bill of Sale in New Hampshire when purchasing or selling a Trailer:ġ. We also suggest securing a valid New Hampshire bill of sale to properly document the sale including the sales price, condition of the trailer, and hold harmless language to protect the buyer and seller. Typically this is done by signing the “Transfer by Owner” or “Assignment” section on the rear of the original title. ![]() When purchasing or selling a Trailer in New Hampshire you always want to document the transfer of vehicle from the seller to the buyer.
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