If you`re a business owner looking to close a sale, a simple sale agreement is a must-have document to ensure a smooth and legally-binding transaction. It`s important to have all the terms and conditions of the sale clearly spelled out in writing to avoid any misunderstandings or disputes down the line.
Here`s a sample agreement that you can use as a template for your own business:
This Sale Agreement (“Agreement”) is made on [date], by and between [seller name] (“Seller”) and [buyer name] (“Buyer”).
1. Sale of Goods
Seller agrees to sell and deliver to Buyer the following goods (collectively, the “Goods”):
[insert description of the goods being sold, including any relevant details such as quantity, quality, and condition]
2. Purchase Price
The purchase price for the Goods shall be [insert amount in dollars] (“Purchase Price”), payable by Buyer to Seller on or before [insert due date].
Seller shall deliver the Goods to Buyer at Buyer`s designated location on [insert delivery date]. Delivery shall be deemed complete when the Goods are received by Buyer.
Seller warrants that it has good title to the Goods, that the Goods are free from all liens and encumbrances, and that the Goods will conform to the description provided in Section 1.
5. Disclaimer of Other Warranties
Except as expressly provided in this Agreement, Seller makes no other warranties, express or implied, as to the Goods, including but not limited to any warranties of merchantability or fitness for a particular purpose.
6. Limitation of Liability
Seller`s liability under this Agreement shall be limited to the Purchase Price paid by Buyer for the Goods. In no event shall Seller be liable for any consequential, incidental, or indirect damages arising out of or in connection with this Agreement.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the state of [insert state], without regard to its conflict of laws provisions.
8. Entire Agreement
This Agreement constitutes the entire agreement between the parties with respect to the sale and purchase of the Goods, and supersedes all prior negotiations, agreements, and understandings between the parties.
This Agreement may not be amended except in writing signed by both parties.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[insert seller name]
By: [insert seller signature]
[insert buyer name]
By: [insert buyer signature]
By using this simple sale agreement as a template, you can customize it to fit your specific business needs. Always keep in mind that a well-drafted sale agreement protects both the buyer and seller and ensures a successful transaction.