Sales contract template south africa – Whenever 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 purchaser. Adding information that will protect the purchaser will also attract the purchaser into probably 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 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 have agreed to perform repairs before the final sale.
If you’re selling your privately and you opt to accept a delayed payment, you will have to include all information relating to the payment in your market item contract. This information must include the amount 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 should 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 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 item is titled in. In most states it’s legally required to have a clear title in order to sell a item for anything aside from just parts. If your item does not have a clear title, make certain the contract clearly states this fact, and that the item is being sold for parts only. Needless to say, your contract should be signed by all parties, and all parties should be given a copy. Some states require a notary as well, so be sure to check the local laws. You might also find templates for sell thing contracts readily through free legal form sites or Microsoft template sites. Have a look the sample of sales contract template south africa below at the attachment page.