Sales contract template microsoft word – Whenever you sell something with someone, you need to establish a contract. This contract provides protection to you, the seller, and to the purchaser. Adding information that will protect the buyer will also bring in the purchaser into probably agreeing into phrases.
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 must also include a disclosure about the item, including a list of things that you know need 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 prior to the last sale.
If you’re selling your privately and you opt to take 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, when the payments will be made, and when the final term of the contract ought to be fulfilled. The item sell contract must also list details about late payment penalties, and once the seller has the right to recover the property if the agreement ought to be breached.
In addition to the model and price, the thing sell agreement must state whether or not the product has a clear title, and in what state the item 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 just parts. If your item does not have a clear name, make sure that the contract clearly states this fact, and that the merchandise is being sold for parts only. Needless to say, your contract should be signed by all parties, and all parties should receive a copy. Some states require a notary as well, so make certain to check your local laws. You can also find templates for sell thing contracts readily through free legal form websites or Microsoft template sites. Have a look the sample of sales contract template microsoft word below at the attachment page.