Point of sale contract template – Whenever you sell something with somebody, you will need to set up a contract. This contract provides protection to you, the seller, and to the purchaser. Adding information that will protect the purchaser will also bring in the purchaser into probably agreeing into phrases.
The basic information which ought to be in this contract is the make and model, the cost, 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 include a phrase stating that the item is being sold as is, unless of course you have agreed to perform repairs prior to the last sale.
If you are selling your privately and you decide to accept a delayed payment, you’ll need to include all information concerning the payment in your sell item contract. This information should include the amount of money to be paid, how many payments will be made, when the payments will be made, and when the last term of the contract ought to be fulfilled. The thing sell contract should also list details about late payment fees, and when the seller has the right to reclaim the property if the agreement should be breached.
As well as the product and price, the thing sell agreement must state whether or not the product 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 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 be given a copy. Some states require a notary as well, so be sure to check your local laws. You might also find templates for sell thing contracts readily through free legal form websites or Microsoft template websites. Take a look the sample of point of sale contract template below at the attachment page.