How To Use
This review list is provided to inform you about the document in question and assist you in its preparation.
- This agreement should be used only with tangible personal property. “Personal property” includes items such as furniture, supplies and other “goods”. It does not include real estate or intangible property (e.g., copyrights, software and other intellectual property). This Agreement is not intended for regular inventory purchases. This kind of agreement is generally used for the occasional purchase of property such as desks, chairs, used computer equipment, and other such equipment.
- Clearly, this form may not be appropriate for complex, technical, or perishable items that often require more specification, especially as to expected performance.
- From a negotiation standpoint, with occasional purchases, both parties are better off to pay upon delivery or shipment. Otherwise, controversy can linger and eat up a substantial amount of time, energy, and money.
- Print two copies of the Agreement for the Sale of Goods, one for each party. Both parties should sign each copy so that each can have an original copy.
Goods Sale Agreement
This Agreement for the Sale of Goods (“Agreement”) made and effective this ____________ (Date), by and between ______________________________ (“Buyer”) and ______________________________ (“Seller”). Seller desires to sell to Buyer, and Buyer desires to purchase from Seller, certain tangible personal property.
Therefore, in consideration of the mutual promises herein contained, the parties hereto agree as follows:
Seller agrees to sell, transfer and convey to Buyer, and Buyer agrees to purchase the following tangible personal property (the “Goods”): (List here or in an attachment).
Buyer shall pay Seller for the Goods $___________. Buyer shall make payment of the full purchase price by 10 days following delivery of the Goods by Seller as provided herein, subject to Buyer’s right of inspection as set forth in Section 4 below. In the event that the purchase price is not timely paid, in addition to its other remedies, Seller may impose, and Buyer shall pay, a late payment charge equal to two percent (2%) of the overdue balance amount each month.
If any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this Agreement, including all of the remaining terms, will remain in full force and effect as if such invalid or unenforceable term had never been included.
In Witness whereof, the parties have executed this Agreement as of the date first written above.