Contract sales representative agreement – At any time you sell something with someone, you need to set up a contract. This contract provides protection to you, the seller, and to the buyer. Adding details that will protect the purchaser will also bring in the buyer into probably agreeing into terms.
The basic information that should be in this contract is the make and model, the price, and contact information for both parties. The sell item contract must also include a disclosure about the item, including a list of items that you know have to be fixed. You should also have a phrase stating that the product is being sold as is, unless of course you’ve agreed to perform repairs prior to the last sale.
If you are selling your privately and you decide to take a delayed payment, you’ll need to include all information relating to the payment in your sell item contract. This information must include the amount of cash to be paid, how many payments will be made, when the payments 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 penalties, and when the seller has the right to recover the property if the agreement should be breached.
In addition to the product and price, the item sell agreement must state whether the product has a clear title, and in what condition the item 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 title, be sure that the contract clearly states this fact, and that the merchandise is being sold for parts only. Needless to say, your contract should be signed by all parties, and all parties should be given a copy. Some countries require a notary as well, so make certain to check the local laws. You can also find templates for sell item contracts readily through free legal form websites or Microsoft template websites. Take a look the sample of contract sales representative agreement below at the attachment page.