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The Divorce Encyclopedia
Bill of Sale


Term Definition Bill of Sale - a written agreement certifying the transfer or assignment of rights, interest in chattels to another, thereby granting legal ownership.
Application in Divorce Once a divorce is granted, thus outlining the property distribution award, the next step is for each spouse to take the necessary actions to see that the court order is carried out.

A bill of sale can be drafted and signed by the spouses (or ex-spouses) to declare the sale of one of the marital assets to the other as set forth in the final divorce decree or judgment. In order for a bill of sale agreement (or contract) to be considered legal and enforceable, a sum of money must exchange hands, so oftentimes the sum of one dollar is used.

A bill of sale can also be used by two spouses who are separated and desire to divide their assets prior to filing for a divorce.

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