Basic sales contract template – At any time you sell something with someone, you will need to establish a contract. This contract will offer protection to you, the seller, and also to the buyer. Adding information that will protect the purchaser will also bring in the buyer into probably agreeing into phrases.
The basic information that should be in this contract is the make and model, the cost, and contact information for both parties. The sell item contract must also include a disclosure about the item, including a listing of items that you know have to be fixed. You should also include a phrase stating that the item is being sold as is, unless of course you have agreed to perform repairs prior to the final sale.
If you’re selling your privately and you decide to accept a delayed payment, you’ll need to include all information concerning the payment in your sell item contract. This information should include the quantity of money to be paid, how many payments will be made, once the installments will be made, and when the final term of the contract should be fulfilled. The item sell contract should also list details about late payment fees, and once the seller has the right to recover the property if the agreement should be breached.
As well as the product and price, the item sell agreement must state whether the item has a clear title, and in what condition the product is titled in. In most states it is legally required to have a clear title in order to sell a product for anything aside from simply parts. If your item does not have a clear name, make certain that the contract clearly states this fact, and that the merchandise is being sold for parts only. Of course, your contract should be signed by all parties, and all parties should receive a copy. Some countries require a notary as well, so make certain to check the local laws. You might also find templates for sell item contracts readily through free legal form sites or Microsoft template websites. Check it out the sample of basic sales contract template below at the attachment page.