Purchase Agreement

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This Purchase Agreement is made between a seller and a buyer of goods or personal property. This agreement sets forth the terms and conditions of the transaction. It contains numerous standard provisions as well as opportunities for customization to address the specific needs of the parties. This document should be used by buyers or sellers when entering into an agreement for the purchase of goods or personal property.

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									Purchase Agreement
This Purchase Agreement is made between a seller and a buyer of goods or personal
property. This agreement sets forth the terms and conditions of the transaction. It
contains numerous standard provisions as well as opportunities for customization to
address the specific needs of the parties. This document should be used by buyers or
sellers when entering into an agreement for the purchase of goods or personal property.
                                         PURCHASE AGREEMENT

        For good consideration of the payment of the sum of __[Price]__, the receipt and
sufficiency of which is hereby acknowledged, the undersigned _[Seller Name]_ of _[Address]_,
__________, __________ __________ (“Seller”) does hereby sell and transfer to _[Buyer
Name]_ of _[Address]_, __________, __________ __________ (“Buyer”), the following
property:

       ____[Description of property being sold]____ (the “Property”), located in __________
County, __________.

       This Purchase Agreement (this “Agreement”) shall be effective as to the transfer of the
Property, as of __[Date of transfer]__.

THE ABOVE DESCRIBED PROPERTY IS SOLD “AS-IS” WITHOUT ANY WARRANTIES,
EXPRESS OR IMPLIED, AS TO THE CONDITION OF SUCH PROPERTY. BY
ACCEPTING THIS AGREEMENT, BUYER AND ITS SUCCESSORS AND ASSIGNS
REPRESENT THAT BUYER HAS PERSONALLY INSPECTED THE PROPERTY AND
ACCEPTS PROPERTY “AS-IS”. [Omit or modify this section as necessary]

       Seller represents and warrants to Buyer that Seller is the lawful owner of the Property and
has good and marketable title to sell and transfer the Property. Seller further warrants that the
Property is sold free of all liens, security agreements, liabilities, encumbrances, adverse claims,
demands, and charges of every nature and description whatsoever.

       Seller further warrants to Buyer, and its successors and assigns, that it will defend and
protect the title to the Property and indemnify and hold harmless Buyer, its successors and
assigns against every person lawfully claiming the Property or any part of it.

1. WAIVER – A waiver by any Party of any provision of this Agreement in any instance shall
    not be deemed to waive it for the future. A Party’s failure to insist on strict compliance with
    any of the terms of this Agreement on one or more occasions is not a waiver of any rights or
    obligations under this Agreement.

2. GOVERNING LAW – This Agreement shall be governed by and construed in all respects in
    accordance with the laws of the of the state of __________, as they apply to agreements entered
    into and to be performed entirely between residents, without regard to conflict of law provisions
    and shall be treated, in all respects, as a contract.

3. ATTORNEYS’ FEES – In the event of litigation or arbitration relating to the subject matter
    of this Agreement, the prevailing Party shall have the right to collect from the other Party its
    reasonable costs and necessary disbursements and attorneys' fees incurred in enforcing this
    Agreement.

4. ARBITRATION – Notwithstanding the foregoing, and anything herein to the contrary, any
    dispute under this Agreement shall be required to be resolved by binding arbitration of the



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    Parties hereto. If the Parties cannot agree on an arbitrator, each Party shall select one
    arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall
    arbitrate said dispute. The arbitration shall be governed by the rules of the American
    Arbitration Association then in force and effect.

5. VENUE – The Parties further agree that the venue for any action or claim at law or in equity
    hereunder shall be exclusively in and with a court having jurisdiction over __________ County,
    __[State]__, if disputes are to be resolved in Court, if at all, as set out elsewhere herein, or if
    arbitration is to occur, if at all, as set out elsewhere herein, that shall be in the same location, and
    the Parties irrevocably consent to the exclusive personal jurisdiction of such federal or state courts
    or arbitrators. The Parties further agree and hereby consent to, and waive all defences of lack of
    personal jurisdiction and forum non conveniens with respect to, venue and jurisdiction in
    __________ County, __[State]__. Notwithstanding anything to the contrary any Party may seek
    preliminary or permanent injunctive relief or restraining order arising out of or related to this
    agreement from any court of competent jurisdiction, which rights and remedies shall be
    cumulative and in addition to any other rights or remedies at law or in equity to which any Party
    may be entitled.

6. ENTIRE AGREEMENT – This Agreement constitutes the entire agreement between the Parties
    and supersedes all prior agreements, representations, warranties, statements, promises,
    information, arrangements and understandings, whether oral or written, express or implied, with
    respect to the subject matter hereof.

7. CONSTRUCTION – If there is any controversy regarding this Agreement or the terms of
    this Agreement, this Agreement will be deemed to have been drafted by all Parties herein and
    will not be strictly construed as against any Party. The Parties have been made aware of their
    right and opportunity to consult with independent legal counsel and have either done so, or
    knowingly waive the right to do so. Further, the Parties acknowledge that they have engaged
    in negotiations to reach this Agreement.

8. COUNTERPARTS – This Agreement, may be executed in several counterparts, each of
    which shall constitute an original and all of which, when taken together, shall constitute one
    and the same agreement, including the judicial proof of any of the terms hereof. A
    photocopy, fax copy, or electronic image copy, which depicts the inclusion of one or more
    signatures by pen on paper, shall be deemed an original.

9. AUTHORITY – Each person signing warrants and represents that he or she has full
    authority to enter into this Agreement and that all representations and warranties in this
    Agreement are true and correct.


IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement as of
__[Date]___.




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SELLER: __________
Per:


_______________________________
Name: __________
Title: __________


BUYER: __________
Per:


_______________________________
Name: __________
Title: __________




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