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UNCW BLA 361 - Sample Basic Sales Contract

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- DISCLAIMER -CONTRACT FOR THE SALE OF GOODSA. Identities of the PartiesC. Buyer’s Rights and ObligationsD. Seller’s Obligations- DISCLAIMER -The following form is provided by FindLaw, a Thomson Business, for informational purposes only and is intended to beused as a guide prior to consultation with an attorney familiar with your specific legal situation. FindLaw is not engaged inrendering legal or other professional advice, and this form is not a substitute for the advice of an attorney. If you requirelegal advice, you should seek the services of an attorney by linking to FindLaw.com. ã 2005 FindLaw.com. All rightsreserved..MAKING BUSINESS CONTRACTSSAMPLE SALES CONTRACTAlthough all contracts may—in fact should—vary in order accurately to reflect the intent of theparties in particular circumstances, the following sales contract is a sample of what suchcontracts may look like. It is intended to be a starting point and a guide to help you and yourattorney create a contract that includes all of the terms relevant to your business interactions.CONTRACT FOR THE SALE OF GOODSParagraph 1. _______________________, hereinafter referred to as Seller, and _____________________, hereinafter referred to as Buyer, hereby agree on this ____ day of _______________, in the year ____________, to the following terms.A. Identities of the PartiesParagraph 2. Seller, whose business address is _____________________, in the city of _______________, state of _________________________, is in the business of ___________________________. Buyer, whose business address is ____________________, in the city of _________________, state of _________________________, is in the business of ____________________________.B. Description of the GoodsParagraph 3. Seller agrees to transfer and deliver to Buyer, on or before ________________________ [date], the below-described goods:________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________C. Buyer’s Rights and ObligationsParagraph 4. Buyer agrees to accept the goods and pay for them according to the terms further set out below.Paragraph 5. Buyer agrees to pay for the goods: In full upon receipt In installments, as billed by Seller, and subject to the separate installment sale contract of__________________[date] between Seller and Buyer. Half upon receipt, with the remainder due within 30 days of delivery.Paragraph 6. Goods are deemed received by Buyer upon delivery to Buyer’s address as set forthabove.Paragraph 7. Buyer has the right to examine the goods upon receipt and has ____ days in whichto notify seller of any claim for damages based on the condition, grade, quality or quality of the goods. Such notice must specify in detail the particulars of the claim. Failure to provide such notice within the requisite time period constitutes irrevocable acceptance of the goods.D. Seller’s ObligationsParagraph 8. Until received by Buyer, all risk of loss to the above-described goods is borne by Seller.Paragraph 9. Seller warrants that the goods are free from any and all security interests, liens, and encumbrances.E. AttestationParagraph 10. Agreed to this _____ day of _____, in the year ____________.By: ___________________________ Official Title: ____________________________On behalf of ______________________________________, SellerI certify that I am authorized to act and sign on behalf of Seller and that Seller is bound by my actions. ______ [initial] By: ___________________________ Official Title: ____________________________On behalf of _____________________________________, BuyerI certify that I am authorized to act and sign on behalf of Buyer and that Buyer is bound by my actions. ______ [initial] [NOTARY STAMP HERE]Page 2 of


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UNCW BLA 361 - Sample Basic Sales Contract

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