Ratified sales contract template – At any time you sell something with someone, you will need to establish a contract. This contract provides protection to you, the seller, and to the purchaser. Adding information that will protect the buyer will also attract the buyer 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 should also include a disclosure about the product, including a list of items that you know have to be fixed. You should also include a phrase stating that the product is being sold as is, unless of course you have agreed to perform repairs before the last 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 market 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 should be fulfilled. The thing sell contract must also list details about late payment fees, and once the seller has the right to recover the property if the arrangement should be breached.
As well as the product and price, the item sell agreement must state whether 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 product for anything other than simply parts. If your item does not have a clear name, be sure 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 must receive a copy. Some states require a notary as well, so be sure to check the local laws. You can also find templates for sell thing contracts easily through free legal form websites or Microsoft template sites. Have a look the sample of ratified sales contract template below at the attachment page.