The Alaska Bill of Sale is a legally recognized document in which a seller agrees that a buyer has met any and all Terms of Payment necessary to take possession of any type of personal property (i.e. vehicles, land, and personal property). A complete Bill of Sale will list a description of what is being sold, the date of sale, and the receipt of payment or details to a mutually agreed payment plan. This document should include the signatures of both parties and may be instrumental in certain instances. For instance, it may speed up the process of assuming a vehicle title or registering a vehicle within this state. In the case of firearms it, ideally, states the current owner of a firearm. An Alaska Bill of Sale may be used to transfer ownership of nearly any object or property so long as both parties agree that the terms stated within it have been met.