Percentage of sales contract template – Whenever you sell something with someone, you will need to establish a contract. This contract will offer protection to you, the seller, and also to the buyer. Adding information that will protect the buyer will also bring in the buyer into probably 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 sell item contract must also include a disclosure about the item, including a listing of items that you know need to be fixed. You should also have a phrase stating that the item is being sold as is, unless of course you have agreed to perform repairs before the final sale.
If you are selling your privately and you opt to take a delayed payment, you’ll need to include all information concerning the payment in your market item contract. This information should include the quantity of money to be paid, how many payments will be made, once the payments will be made, and when the final term of the contract should be fulfilled. The thing sell contract must also list details about late payment penalties, and once the seller has the right to reclaim the property if the agreement ought to be breached.
As well as the model and price, the item sell agreement should state whether the item has a clear title, and in what state the item is titled in. In most states it is legally required to have a clear title in order to sell a item for anything other than just parts. If your item does not have a clear title, be certain that 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 should receive a copy. Some states require a notary as well, so make certain to check the local laws. You can also find templates for sell item contracts easily through free legal form websites or Microsoft template websites. Take a look the sample of percentage of sales contract template below at the attachment page.