11 Free Sample Purchase Contract Templates

Download these 11 Free Sample Purchase Contract Templates to help you draft your Purchase Contract easily. You can also our collection of Sales Contract Templates.

There can be a big problem for small business owners while writing an agreement as there is so much that they want to be added in the contract drafting but the agreement has to be limited. If the person forgets to mention the important items in the contract, this can cause serious trouble for him in the future. In order to solve this problem, both parties should know what kind of agreement should be made. The success of the agreement depends on the type of contract which you have used so, it is very important to know about the type of contract which you are going to use while purchasing or selling.

Purchase Contract Format Guidelines

During a business agreement, when you and the other party agree on one price, you want to write the agreement. A contract is drawn up in order to give the legal force to the agreement. Mostly, a written contract is made. This written contract ensures that both of the parties agree on whatever conditions have been mentioned in the contract and the method of payment has also been agreed upon by all parties. You may want to know about the implicated and taxes. For this purpose, you may get the consultancy of the legal advisors.

While drafting a contract, it should be correctly known about the number of parties involved in the contract. This avoids all kinds of confusion. The full address, phone number, and all other details should be added to the contract.

Another important thing that should be added to the contract is the list of items that are included in the sale. Sale items mean all physical items, business items, logos, goodwill, the name of the business, inventory, etc. You can also include the items with a count, for example, if you are selling a house, you may include a number of items in it that you are selling along with the house. Also, include the liabilities such as loans, etc.

There should be a disclosure agreement in which both parties will tell that they have disclosed everything such as legal obligations, fines, and other circumstances. If the buyer finds anything after the purchase the seller will be responsible for that disclosure. Include the statement in which both buyer and seller will state that they are the legal owner of the selling item.

The person must include the date of the payment as well as the method of the payment. The payment can be in the form of installments or in the form of cash. If it is to be paid in cash, then the details of the cheque and the credit cards must also be represented in the contract. If the seller or buyers have involved any agent during the purchase, then the name of that agent should be there in the contract.

The purchase contract requires all the parties to sign the agreement. Once you have written the agreement, it is the right of every member party to read the agreement and consult its legal advisor about the agreement. Make a few copies of the contract and distribute them to all the parties who are part of this contract.