Contract selling business template – Whenever you sell something with someone, you need to set up a contract. This contract will offer protection to you, the seller, and to the purchaser. Adding information that will protect the buyer will also bring in the buyer into probably agreeing into terms.
The basic information which ought to be in this contract is the make and model, the price, and contact information for both parties. The sell item contract should also include a disclosure about the item, including a listing of items that you know need 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 are selling your privately and you opt to accept a delayed payment, you’ll have to include all information relating to the payment in your sell item contract. This information must include the quantity of cash to be paid, how many installments will be made, when the payments will be made, and when the last term of the contract should be fulfilled. The thing sell contract should also list details about late payment penalties, and once the seller has the right to reclaim the property if the arrangement should be breached.
As well as the model and price, the thing sell agreement must state whether the product has a clear title, and in what state the product is titled in. In most states it’s legally required to have a clear title so as to sell a item for whatever other than just parts. If your item does not have a clear title, be sure the contract clearly states this fact, and that the item is being sold for parts only. Needless to say, your contract should be signed by all parties, and all parties must be given a copy. Some states require a notary as well, so be sure to check the local laws. You might also find templates for sell item contracts easily through free legal form sites or Microsoft template websites. Have a look the sample of contract selling business template below at the attachment page.