Ensure a successful sale of personal property with this sales agreement. Real property
cannot be sold or purchased with this agreement. This document is a legal contract
between a seller and buyer of any type or quantity of a good, outlining the terms and
conditions for the sale, including the price the seller will sell a particular good or product,
and for that price, the buyer will purchase it. This contract contains both standard
clauses as well as opportunities for customization to ensure that the understandings of
the parties are properly set forth. Use this contract when buying or selling property.
AGREEMENT FOR SALE AND PURCHASE OF PROPERTY
THIS AGREEMENT FOR SALE AND PURCHASE OF PROPERTY (the
“Agreement”), made this ____ day of ______________, 20_____ (the “Effective Date”), by and
between ________________ (“Seller”) and ________________ (“Purchaser”), collectively
referred to herein as the “Parties.”
WHEREAS Purchaser agreed to purchase from Seller and Seller agrees to sell to
Purchaser certain assets of Seller (the “Purchased Assets”);
NOW THEREFORE THIS AGREEMENT WITNESSES, that for good and valuable
consideration of the mutual covenants and agreements contained herein, the receipt and
adequacy of which is hereby acknowledged, Seller and Purchaser hereto covenant and agree as
1. PURCHASING PROPERTY
Pursuant to the terms and conditions contained in this Agreement, Seller agrees to sell to
Purchaser, and Purchaser agrees to purchase from Seller, free and clear of all liens, claims
and encumbrances, all of the Purchased Assets contained in Schedule “A” attached hereto.
In consideration for the delivery by Seller to Purchaser of all Purchased Assets, Purchaser
agrees to pay Seller the sum of ________ ($__) Dollars, deliverable to Purchaser at
_______________________. In addition to this consideration, Purchaser shall make a
deposit in the amount of ________ ($__) Dollars to Seller’s agent or a mutually agreed
upon title company, as what is commonly called “earnest money”.
If Purchaser has tendered full performance of all of Purchaser’s covenants set forth herein,
and Seller fails or refuses to perform Seller’s covenants set forth herein, Purchaser may by
its option, cancel and terminate the agreement, cure such default and deduct the cost of
curing such default from the purchase price pursuant to this Agreement, or file suit for
specific performance against Seller. If Purchaser for any reason refuses to fully perform all
covenants set forth herein, Seller may cancel and terminate the Agreement and retain all
deposits, or file suit against Purchaser for specific performance.
Neither Party shall have the right to assign this agreement without express written consent
of the other Party.
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All assets sold shall include a certain warranty of quality by Seller. Purchaser shall have
the right to inspect all property upon delivery by Seller and Purchaser retains the right to
refuse delivery of any property that does not meet a reasonable standard of quality.
6. TERMS AND CONDITIONS BINDING
All of the terms and conditions contained herein shall be binding upon Seller and Purchaser
and their respect heirs, executors, successors, and assigns and hereby bind Seller and
Purchaser to the Escrow Amount, as fixed and settled damages to be paid by the failing
Party to this Agreement.
IN WITNESS WHEREOF, Seller and Purchaser hereto have duly executed this
Agreement as of the day and year first written above.
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ASSETS FOR PURCHASE
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INFORMATION AND FORMS ARE PROVIDED "AS IS" WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND
INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS
FOR ANY PARTICULAR PUR