Sales agreement contract word – At any time 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 details that will protect the purchaser will also bring in the buyer into most likely agreeing into phrases.
The basic information which 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 product, including a list of items that you know have to be fixed. You should also have a phrase stating that the product is being sold as is, unless of course you have agreed to perform repairs prior to the final sale.
If you are selling your privately and you decide to accept a delayed payment, you will need 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 payments will be made, and when the final term of the contract ought to be fulfilled. The item sell contract should also list details about late payment fees, and once the seller has the right to reclaim the property if the arrangement ought to be breached.
As well as the product and price, the item sell agreement must state whether the item has a clear title, and in what condition the item is titled in. In most states it is legally required to have a clear title so as to sell a product for whatever other than just parts. If your item doesn’t have a clear name, make sure that 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 make certain to check the 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 sales agreement contract word below at the attachment page.