A Firearm Bill of Sale is documentation vendors of firearms use to record the selling of the product(s) to a client. Alternately, the firearm invoice of sale also serves as a receipt for the purchaser of the firearm. This record generally includes seller information, details about the goods, location of this sale, cost, buyer details and method of payment.
Both buyer and seller should sign the Firearm Bill of Sale type and each maintains a copy as proof of purchase or evidence of payment. This happens upon complete payment being made, at which time that the firearm changes ownership from seller to buyer.
This document explicitly disclaims any preexisting warranties relating to the quality of the firearm. In this way, the Firearm Bill of Sale differs from a Sales Agreement, and it is a contract containing more specific terms and guarantees.
The phrase refers to the firearm being sold in its present condition and implies that the buyer accepts the firearm as it is, including any potential or noticeable faults.
This caveat protects the seller from any subsequent request for a refund against the purchaser because of any issues arising after getting and paying to the firearm. For instance, subsequent transport undertaken by the purchaser to take it to its eventual moorings might lead to harm, which the seller is not responsible for.