Sales contract agreement philippines – At any time you sell something with someone, you will need to set up a contract. This contract will offer protection to you, the seller, and also to the purchaser. Adding details that will protect the purchaser will also bring in the purchaser into most likely 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 market item contract should also include a disclosure about the item, 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’ve agreed to perform repairs before the final sale.
If you’re 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 must include the amount of money to be paid, how many installments will be made, once the installments 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 penalties, and when the seller has the right to recover the property if the arrangement ought to 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 item for anything other than just parts. If your item doesn’t have a clear title, make sure that 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 be given a copy. Some countries require a notary as well, so make certain to check your local laws. You can also find templates for sell item contracts easily through free legal form websites or Microsoft template sites. Check it out the sample of sales contract agreement philippines below at the attachment page.