Simple sales contract template – Whenever you sell something with someone, you will need to establish a contract. This contract provides protection to you, the seller, and to the buyer. Adding details that will protect the buyer will also attract the buyer into most likely agreeing into terms.
The basic information which should 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 product, including a list of items that you know need to be fixed. You should also have a phrase stating that the item is being sold as is, unless of course you’ve agreed to perform repairs before the final sale.
If you are selling your privately and you opt to take a delayed payment, you will need to include all information relating to the payment in your market item contract. This information should include the quantity of cash to be paid, how many payments will be made, once the payments will be made, and when the last term of the contract should be fulfilled. The item sell contract should also list details about late payment fees, and when the seller has the right to reclaim the property if the agreement should be breached.
As well as the product and price, the item sell agreement should state whether or not the product 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 in order to sell a item for anything aside from simply parts. If your item doesn’t have a clear name, make certain 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 receive a copy. Some countries require a notary as well, so make certain to check the local laws. You can also find templates for sell item contracts readily through free legal form websites or Microsoft template websites. Check it out the sample of simple sales contract template below at the attachment page.