Sales contract agreement letter – Whenever you sell something with somebody, you 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 purchaser will also attract the buyer into probably agreeing into terms.
The basic information which should be in this contract is the make and model, the price, and contact information for both parties. The market item contract should also include a disclosure about the product, including a listing of things that you know need to be fixed. You should also include a phrase stating that the product is being sold as is, unless of course you’ve agreed to perform repairs before the last sale.
If you are selling your privately and you opt to take a delayed payment, you’ll need to include all information relating to the payment in your market item contract. This information should include the quantity of cash 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 thing sell contract should also list details about late payment fees, and once the seller has the right to reclaim the property if the agreement should be breached.
In addition to the model and price, the item sell agreement should state whether 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 anything other than just parts. If your item does not have a clear name, make certain the contract clearly states this fact, and that the merchandise is being sold for parts only. Of course, your contract should be signed by all parties, and all parties must receive a copy. Some countries 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 sites or Microsoft template websites. Take a look the sample of sales contract agreement letter below at the attachment page.