Sales & Purchase Agreement Template

Close Deals with Confidence: Draft sales purchase agreements that clarify terms and ensure a seamless transaction for buyers and sellers.

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  • Sales & Purchase Agreement

    Jim Clark Co

  • Sales Agreement

    Jim Clark Co

    Agreement

    This Purchase Agreement ("Agreement") is made and entered into on , by and between:

    Participants
    Terms

    1. Description of Item Being Sold


    The Seller agrees to sell and the Buyer agrees to purchase the following item(s):


    Item Description: 


    2. Transfer of Ownership and Possession


    Ownership and possession of the item(s) shall be transferred from Seller to Buyer on:

    • Transfer Date: 
    • Delivery Location (if applicable): 
    • Any associated delivery charges shall be paid by:  Buyer  Seller  Split Equally


    3. Purchase Price: The total purchase price for the item(s) is $ 


    4. Payment Terms


    The Buyer agrees to pay the Seller according to the following schedule:

    • Deposit (if any): $ due on 
    • Remaining Balance: $ due on or before 


    Payment Method(s) Accepted: 


    5. Inclusions and Exclusions


    The following items are included with the sale:

    


    The following items are excluded from the sale:

    


    6. Contingencies


    This sale is contingent upon the following conditions (if any):

    


    If the conditions are not met by , either party may terminate the contract in writing.


    7. Disclosures


    The Seller discloses the following known conditions or issues with the item: 


    The Buyer acknowledges receipt of all relevant information and agrees to purchase the item “as-is,” unless otherwise stated.


    8. Representations and Warranties

    • The Seller affirms that they have lawful ownership of the item and the legal right to sell it.
    • The Buyer affirms they have the financial means to complete this purchase.
    • The item is sold as-is, with no warranties implied or expressed.
    • The item includes the following warranty terms: 


    9. Amendments


    This Agreement may only be amended or modified by a written agreement signed by both Parties.


    10. Termination


    Either party may terminate this Agreement:

    • With written notice before 
    • If the other party fails to meet any material obligation under this Agreement
    • In accordance with any contingencies stated above


    In case of termination, all paid funds shall be:

     Fully refunded

     Partially refunded

     Non-refundable


    11. Dispute Resolution


    Any dispute arising from this Agreement shall be resolved by:

     Mediation

     Arbitration

     Litigation


    If mediation is selected, both parties agree to attempt resolution with a neutral third-party mediator in , sharing costs equally.


    If arbitration is selected, the dispute will be resolved by binding arbitration under the rules of  in . The arbitrator’s decision shall be final.


    If litigation is selected, the parties agree to submit to the jurisdiction of courts in .


    Unless otherwise decided by the mediator, arbitrator, or court, each party will bear its own legal fees.


    12. Entire Agreement


    This Agreement contains the entire understanding between the Parties and supersedes any prior agreements, whether oral or written.

    Signatures
    • Click to sign
      John Doe
    • Click to sign
      Jim Clark
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Avoid Confusion, Close the Deal

Ever bought or sold something and wished you'd had everything nailed down in writing? That's where a Sales and Purchase Agreement (SPA) can save the day. Think of it like a map for a deal, that helps the buyer and seller know exactly what's happening.

What is a Sales and Purchase Agreement?

A Sales and Purchase Agreement (SPA) lays out all the key details of a transaction involving goods and/or services. Whether selling furniture, vehicles, or paint for a painting job, the agreement outlines what is being bought/sold and any associated services.

Now, for businesses that offer goods and services, an SPA can be split into two parts: a service agreement for the labor and a sales agreement for the physical products (e.g., the paint). This way, everything is neat and tidy, separating the terms for the service itself from the terms for those fancy paint cans.

Sales Agreement vs. Bill of Sale: What's the Difference?

These documents might sound like twins, but trust us, they're on different teams in the deal-making world!

  • Bill of Sale: This is like a victory lap after the game. It's a receipt that proves the buyer now officially owns the furniture, car, etc. they bought. This is given at the finish line when everything is paid for and handed over.

  • Sales Agreement: This, on the other hand, is like the game plan set up before kickoff. It's a contract that spells out everything both sides (the buyer and seller) agree on – price, delivery date, any warranties (promises about the product's condition), and other important details. This agreement gets hammered out before anyone hands over any cash or goods.

Crafting a Sales Agreement: Essential Elements

Here's what goes into building this essential document:

  • Parties Involved: List the buyer and seller's names and contact info – got to make sure everyone's on the same page.
  • Location: Mention where the seller is located.
  • Description of Goods and Services: Describe exactly what's being sold in detail. Think couch dimensions, car models, or the specific services included in a painting job.
  • Price Tag: Clearly state the price or how it will be calculated—no room for confusion here!
  • Delivery Details: Explain how the buyer will receive the goods—who's bringing the couch, or is it pick-up only?
  • Liabilities and Warranties: Outline any warranties on the product (promises about its condition) and who's liable for what if things go south.
  • Signatures: Don't forget the most important step! Both parties must sign on the dotted line to make it official!

Sales vs. Purchase Agreement: Understanding the Difference

The terms "sales agreement" and "purchase agreement" get tossed around a lot. The difference between the two is subtle.

  • Sales Agreement: This outlines the conditions under which the seller is willing to sell something (price, delivery, warranties, etc). Think of it as the seller saying, "Here's the deal!"

  • Purchase Agreement: This agreement flips to the buyer's perspective. It lays out the terms that the buyer is agreeing to in order to buy something. It's basically the buyer saying, "I'm in, but here's what I expect!"

In the end, both documents cover the same info, but the wording changes depending on who's putting the pen to paper first.

Benefits of an Online Sales and Purchase Agreement Template

Forget messy paperwork and endless faxing, Butterscotch is here to make sales agreements a breeze! Here's how our online templates streamline the whole process:

  • Templates On Demand: Add or change the template to fit your needs, and create a custom agreement in minutes! You can even personalize your contract by adding your personal branding.
  • Send with a Click: Forget printing, scanning, and mailing. Securely send contracts electronically!
  • Electronic Signatures: Get them signed with electronic signatures by all parties from anywhere.
  • Status Tracking: Monitor the status of every contract at a glance, from changes made and when another party has signed.
  • Centralized Storage: All your documents are securely stored in one digital location, accessible anytime, anywhere.
  • Payment Powerhouse: Want to get paid even faster? Include an invoice with a digital contract. Platforms like Stripe and PayPal integrate seamlessly, letting customers pay instantly.

Butterscotch makes managing these agreements easier than ever, leading to more efficient transactions for everyone involved!

Sales & Purchase Agreements

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