General sales contract template – At any time you sell something with someone, you will need to set up a contract. This contract provides protection to you, the seller, and also to the purchaser. Adding details that will protect the purchaser will also attract the purchaser into most likely agreeing into terms.
The basic information that ought to be in this contract is the make and model, the price, and contact information for both parties. The market item contract must also include a disclosure about the product, 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’ve agreed to perform repairs prior to the final sale.
If you’re selling your privately and you opt to accept a delayed payment, you’ll need to include all information relating to the payment in your market item contract. This information must include the quantity of cash to be paid, how many installments will be made, once the installments will be made, and when the last term of the contract should be fulfilled. The item sell contract must also list details about late payment fees, and once the seller has the right to recover the property if the agreement ought to be breached.
In addition to the model and price, the thing sell agreement must state whether or not the item has a clear title, and in what condition the product is titled in. In most states it’s legally required to have a clear title so as to sell a product for whatever aside from 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. Of course, your contract should be signed by all parties, and all parties must receive a copy. Some states require a notary as well, so be sure to check your local laws. You might also find templates for sell item contracts readily through free legal form websites or Microsoft template sites. Check it out the sample of general sales contract template below at the attachment page.