Exclusive sales contract template – At any time you sell something with somebody, you need to establish a contract. This contract provides protection to you, the seller, and also to the purchaser. Adding information that will protect the buyer will also attract the purchaser into most likely 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 should also include a disclosure about the product, including a listing of items 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’ve agreed to perform repairs prior to the last sale.
If you are selling your privately and you decide to accept a delayed payment, you will have to include all information relating to the payment in your sell item contract. This information should include the quantity of money to be paid, how many installments will be made, when 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 penalties, and when the seller has the right to recover the property if the agreement ought to be breached.
In addition to the product 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 is legally required to have a clear title in order to sell a item for whatever other than just parts. If your item doesn’t have a clear name, be certain 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 countries require a notary as well, so be sure to check the local laws. You might also find templates for sell thing contracts readily through free legal form sites or Microsoft template sites. Take a look the sample of exclusive sales contract template below at the attachment page.