Sales contract amendment template – Whenever you sell something with somebody, you will need to establish a contract. This contract provides protection to you, the seller, and also to the purchaser. Adding details that will protect the buyer will also attract the purchaser into most likely agreeing into phrases.
The basic information that should be in this contract is the make and model, the price, and contact information for both parties. The sell item contract should also include a disclosure about the item, including a list 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 have agreed to perform repairs prior to the final sale.
If you’re selling your privately and you opt to accept a delayed payment, you’ll have to include all information relating to the payment in your market item contract. This information should include the amount of cash to be paid, how many payments will be made, once the installments will be made, and when the final term of the contract should be fulfilled. The item sell contract should also list details about late payment penalties, and when the seller has the right to reclaim the property if the agreement should be breached.
As well as the model and price, the item sell agreement must state whether or not the item has a clear title, and in what state the product is titled in. In most states it is legally required to have a clear title in order to sell a product for whatever other than simply parts. If your item doesn’t 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 item contracts easily through free legal form websites or Microsoft template websites. Have a look the sample of sales contract amendment template below at the attachment page.