CHANGE OF OWNERSHIP

CHANGE OF OWNERSHIP

That payment receipt is not enough.

When you buy a car, generator, boat, equipment or any other movable property, the legal proof that it now belongs to you is a Bill of Sale, commonly known as Change of Ownership.

A Bill of Sale is a legal document that clearly shows that ownership has passed from the seller to you.

It contains the details of the property, persons involved, purchase price and date of transfer of ownership.

It confirms that ownership of a movable property has changed.

Without a proper Bill of Sale the seller can deny selling to you. Creditors can seize the property over the seller’s debt.

Law enforcement agencies may treat the property as stolen. In a dispute, you may lose your money and the property.

Many people assume that once you pay for a property, ownership automatically changes.

That is dicey. In law, evidence is everything. A well-drafted Bill of Sale protects you from fraud, future claims and avoidable litigation.

To be on the safe side, a Change of Ownership document should be prepared by an experienced Business and Property Lawyer who understands how to structure it properly and legally protect you.

Whether you are buying a vehicle, machinery, business assets or any valuable movable item, get a properly prepared Change of Ownership document.

It is your proof of ownership.

Do not celebrate too early after payment. Secure your ownership first.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls and Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com.