Standard sales contract template – Whenever you sell something with someone, you need to establish a contract. This contract will offer protection to you, the seller, and to the purchaser. Adding details that will protect the buyer will also bring in the purchaser into probably agreeing into terms.
The basic information that ought to be in this contract is the make and model, the price, and contact information for both parties. The sell 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 item 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 decide 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 quantity of money to be paid, how many payments will be made, when the payments will be made, and when the last term of the contract ought to be fulfilled. The thing sell contract must also list details about late payment penalties, and once the seller has the right to reclaim the property if the arrangement ought to be breached.
In addition to the model and price, the item sell agreement should state whether or not the product has a clear title, and in what state the item is titled in. In most states it’s legally required to have a clear title so as to sell a product for anything other than simply 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. Of course, your contract should be signed by all parties, and all parties must 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 item contracts easily through free legal form sites or Microsoft template websites. Take a look the sample of standard sales contract template below at the attachment page.