Sales contract extension form – At any time you sell something with someone, you need to set up a contract. This contract will offer protection to you, the seller, and also to the buyer. Adding information that will protect the buyer will also bring in the purchaser 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 market 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 item 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 take a delayed payment, you will need to include all information concerning the payment in your sell item contract. This information must include the quantity of money to be paid, how many payments will be made, when the installments will be made, and when the final 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 reclaim the property if the agreement ought to 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 condition the product is titled in. In most states it is legally required to have a clear title so as to sell a product for whatever aside from simply parts. If your item does not have a clear title, be 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 the local laws. You can also find templates for sell item contracts readily through free legal form sites or Microsoft template sites. Take a look the sample of sales contract extension form below at the attachment page.