Sale of Goods Agreement by EasyLegalDocs
This Sale of Goods Agreement template outlines the terms and conditions for the transaction of goods between a seller and a buyer. It covers essential aspects such as the description of goods, sale price, payment methods, inspection and acceptance procedures, warranties, and indemnification. The template also includes standard legal clauses like severability, force majeure, and governing law.
SALE OF GOODS AGREEMENT
This Sale of Goods Agreement (hereinafter referred to as the "Agreement") is entered into,
BY AND BETWEEN: | [SELLERS FULL NAME], with an address of [SELLER ADDRESS], hereinafter referred to as the “Seller”. |
AND: | [BUYERS FULL NAME], with an address of [BUYER ADDRESS], hereinafter referred to as the “Buyer”, collectively referred to as the “Parties”. |
WHEREAS, the seller intends to sell [DESCRIPTION OF GOODS], hereinafter “the Goods”.
WHEREAS, the Buyer intends and agrees to buy the Goods under the terms and conditions set forth in this agreement.
THEREFORE, the parties agree as follows:
SALE OF GOODS
The Seller agrees to sell the Goods, and the Buyer agrees to buy the Goods under the conditions set herein.
SALE PRICE
The Buyer agrees to pay the full sale price as described;
The upfront cost of the Goods
Any fee associated with the sale of the Goods
The Full sale price is [SALE PRICE].
PAYMENT
The Buyer will pay the sale price through [PAYMENT METHOD], according to the schedule below;
[INITIAL SECURITY]: Initial security
[EXECUTION SUM]: Upon execution of the agreement
[ACCEPTANCE SUM]: After inspection and acceptance of the Goods
INSPECTION AND ACCEPTANCE
Once the agreement is executed, the Buyer has 30 days to inspect the Goods and ensure it matches the description and is in up-to-date condition. That the Goods is free from any third-party interest or legal liability, rescind the agreement otherwise.
WARRANTY
The seller provides the warranty that the seller is the true owner and holds legal and lawful title to the Goods. Further, the seller warrants that the seller has the legal authority to enter into this contract.
INDEMNIFICATION
The seller indemnifies the Buyer from all claims, damages, lawsuits, and expenses by third parties that may result from the seller's breach of the agreement. The indemnification binds all the successors of the seller.
SEVERABILITY
If any particular part of this agreement is found to be invalid or unenforceable, the Agreement will become void to that extent. Except for the invalid or unenforceable part, the rest will remain in full force.
FORCE MAJEURE
Any parties to this agreement shall not be liable for any delay or nonperformance of any part of this agreement if such delay or nonperformance is a result of government actions, war, civil disorder, pandemic, or any event similar to them and is beyond the control of any of the parties or is not foreseeable.
COUNTERPART
Either party to this agreement may execute counterparts of this agreement, and such counterpart will be deemed to be an original.
GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of [JURISDICTION]. Any disputes arising out of or in connection with this Agreement shall be resolved through arbitration in accordance with the rules of [JURISDICTION]. The decision of the arbitrator shall be final and binding upon the parties.
The agreement will come into force on [DATE].
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