This document is very important. Only once the buyer has received confirmation from the bank, Escrow agent or the dealership that the total amount asked for the aircraft has been received, should the Bill of Sale be signed by the seller. The price paid for the aircraft should be reflected clearly on the Bill of Sale. Once the Bill of Sale is signed the actual transfer of ownership occurs. Normally there are two copies issued, as both the buyer and seller are required to keep a copy for their own records. When completing the Bill of Sale, ensure that both the buyer’s and the seller’s names are depicted clearly on the documents to avoid any possible confusion.