an owner’s shares of a corporation.
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Sales contract vs. bill of sale
It’s easy to confuse a sales contract with a bill of sale, as they america phone number list both serve the same purpose: They describe purchased goods, services, or property. There are subtle differences, however.
Typically, a sales contract offers more details about the terms of the transaction than a bill of sale. It includes things like warranty information and delivery arrangements, and is drafted before any goods are exchanged.
A sales contract is typically used for major purchases like real estate, appliances, electronics, and vehicles. Sales contracts are also used for services like media subscriptions, insurance policies, and software as a service (SaaS).
In contrast, a bill of sale takes place after a deal closes to prove that ownership has transferred from the seller to the buyer.