The executed form is a binding contract that can be later utilized for potential registration purposes for the item. The paperwork serves to illustrate the date and method in which the transfer takes place, showing the change ownership. The written testament includes relevant information on the seller, buyer, sale item, terms of the sale, as well as corroborating endorsements from the interested parties. The Texas bill of sale form verifies the elemental facts of the sale of personal property in exchange for a predetermined monetary consideration.