Document background
A Private Bill of Sale is commonly used in Singapore when transferring ownership of personal property between parties in a private sale. This document is essential for protecting both buyer and seller interests, providing clear documentation of the transaction terms, and complying with Singapore's legal requirements. It includes crucial details such as the item's description, purchase price, condition, and warranties (if any). The document is particularly important for high-value items where proof of ownership transfer is necessary for legal or insurance purposes.
