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Unauthorized drivers and accrued interest are covered for the free motorcycle type rental contract or has done more. The research lease agreement should be for informational purposes. This form serves as a legal record of the sale, gift or transaction of a motorcycle. It also contains valuable information that can be used to keep a detailed history of the vehicle for prospective buyers. Some states and territories may require a notarized motorcycle sales bill before they even begin the paperwork on the title transfer (which they also need as official owners of the bike).