Equipment sales contract template – At any time you sell something with someone, you need to set up a contract. This contract provides protection to you, the seller, and also to the purchaser. Adding information that will protect the purchaser will also attract the purchaser 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 must also include a disclosure about the item, including a listing of things that you know need to be fixed. You should also have a phrase stating that the product is being sold as is, unless of course you have agreed to perform repairs before the final sale.
If you’re selling your privately and you decide to take a delayed payment, you will need to include all information concerning the payment in your sell item contract. This information must include the amount of money to be paid, how many installments will be made, once the payments will be made, and when the final term of the contract ought to be fulfilled. The thing sell contract must also list details about late payment fees, and once the seller has the right to reclaim the property if the arrangement should be breached.
In addition to the model and price, the item sell agreement should state whether the product has a clear title, and in what state the product is titled in. In most states it is legally required to have a clear title so as to sell a product for whatever other than just parts. If your item doesn’t have a clear title, make certain 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 receive a copy. Some states require a notary as well, so make certain to check your local laws. You can also find templates for sell thing contracts readily through free legal form sites or Microsoft template websites. Check it out the sample of equipment sales contract template below at the attachment page.