The livestock bill of sale form is an official document that indicates the transfer of ownership of any farm animal. These animals may include cows, sheep, pigs, horses, chickens, hens, and other domestic animals. By creating the bill of sale, the livestock owner and potential buyer write down the particular details relevant to the sale.
Table of Contents
Why livestock bill of sale is important?
A bill of sale is important due to following reasons;
Proof of transfer
This document acts as evidence that the cattle was indeed transferred to a new owner. It includes all the essential details which pertain to the cattle as well as it displays the names of both the current and the new owner.
Future references
The bill of sale also contains hard facts about the animals. Moreover, it also acts as a good reference for any future disputes. For example, when new owner wants to sale it to a third party, that person may require to give details concerning the original owner.
Litigations and court cases
It is not uncommon for disputes about the animals that may arise later. Yet again, at such times, this document comes in handy. It can prove very helpful document to settle any disputes or argue out a point in a court case.
Taxation purposes
Whenever any property changes, many states and jurisdictions demand that taxes be paid. The information mentioned in this document, at a later date, used for taxation purposes. You may also like the ATV Bill of Sale Form.
Factors that affect the livestock price:
Here are the factors that determine the price of an animal;
- Type of animal
- Age
- Breed
- Weight
- Class
- Sex
- Health status
- Overall purpose
What to include in a livestock bill of sale?
The livestock bill of sale should include the following details;
Transaction date
When all of the formalities regarding the sale has completed, specify the date on which the agreement was made. Also, mention the date on which the livestock and payment of funds will take place.
Information of the buyer and the seller
It is very important to indicate the complete name and address of both the buyer and seller on the agreement since it displays on a valid photo identification card.
The livestock
In the livestock chart, provide the description of each animal.
- In the ‘Number column’ specify the serial number provided to the animal. For identification, ear tag, branded, tattooed are given to livestock animals. On the hide of an animal, branding/tattoo is putting a permanent identifying mark but it is considered cruelty to animals.
- You should write the ‘kind’ of animal in the second column such as cattle, sheep, etc.
- The tag is put on the ‘brand.’
- The animal’s age is written in years or months.
- The next column is ‘Sex’ i.e. male (M) or female (F).
- Next, there comes a ‘Weight column,’ here indicates the estimated weight in Kg or Pounds of the animal.
- Any other additional remarks or information pertaining to the animal is recorded in the column “Notes.”
Purchase terms
The agreed amount that the buyer has paid the seller is mentioned along with the date of sale on the document.
The buyer and the seller’s signatures
Both the buyer and the seller have to affix their signatures by hand and print their names underneath.
Notarization
Signatures should be notarized for further verification of seller and buyer. However, it isn’t a mandatory requirement.
Generic Livestock Bill of Sale Form
Cattle Bill of Sale Form
Animal Bill of Sale Form
Fillable Blank Livestock Bill of Sale Form
Free Livestock Bill of Sale Form
Printable Livestock Bill of Sale Form
Conclusion:
In conclusion, the livestock bill of sale form is an essential legal document that indicates the transaction details. You should pay proper attention while writing details about the buyer and seller. This document makes sure that the transfer of livestock and payment will take place smoothly.
