Sales Contract

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Sales Contract Powered By Docstoc
					                                      Sales Contract

1. Names. _________________________, Seller, and ________________________,
Buyer, agree to the following sale.

2. Property Being Sold. Seller agrees to sell to Buyer, and Buyer agrees to buy from
Seller, the following property:

   ____________________________________________________ (the Property).

3. Condition of Property

   [ ] The Property is new.

   [ ] The Property is used. Buyer has inspected the Property and will accept it.

   [ ] The Property is used. Buyer has inspected the Property and will accept it except
   for the following modifications, which Seller agrees to make before delivery:


   [ ] Seller discloses the following defects:


4. Purchase Price. The purchase price of the Property is: $_______________.

5. Down Payment

   [ ] Buyer will make a down payment of $_____________ when this contract is
   signed. This down payment will be applied toward the purchase price.

   [ ] Buyer will not make a down payment.

6. Time of Payment. Buyer will pay Seller the purchase price (less any down payment)
in installments as follows:


[Optional clause:]

7. Method of Payment. Buyer will pay Seller by:
    [ ] personal or business check.

    [ ] cashier's check.

    [ ] credit card.

    [ ] cash.

[End optional clause]

8. Delivery. Seller will deliver the Property to Buyer on ___________________ at

9. Ownership. Seller has legal title to the Property and is selling the Property free of
any liens or liabilities.

10. Transfer of Ownership. Seller will transfer ownership of the Property to Buyer

    [ ] a receipt.

    [ ] a bill of sale.

    [ ] such documents as may be required by the state of ________________ to legally
    transfer the ownership of the Property.
11. Security Interest
    [ ] Seller will not retain a security interest in the property.

    [ ] Seller will retain a security interest in the property. At the time the property is
    delivered to Buyer, Buyer will sign and deliver to Seller a security agreement. Buyer
    also acknowledges that Seller will file a Uniform Commercial Code Financing
    Statement, which will secure Seller's interest in the Property until the purchase price
    has been paid in full.

12. Other Terms and Conditions. _________________________________________.

13. Entire Agreement. This is the entire agreement between the parties. It replaces and
supersedes any and all oral agreements between the parties, as well as any prior writings.

14. Successors and Assignees. This agreement binds and benefits the heirs, successors,
and assignees of the parties.
15. Notices. All notices must be in writing. A notice may be delivered to a party at the
address that follows a party's signature or to a new address that a party designates in
writing. A notice may be delivered:

    (1) in person

    (2) by certified mail, or

    (3) by overnight courier.

16. Governing Law. This agreement will be governed by and construed in accordance
with the laws of the state of ________________.

17. Counterparts. This agreement may be signed by the parties in different counterparts
and the signature pages combined will create a document binding on all parties.

18. Modification. This agreement may be modified only by a written agreement signed
by all the parties.

19. Waiver. If one party waives any term or provision of this agreement at any time, that
waiver will only be effective for the specific instance and specific purpose for which the
waiver was given. If either party fails to exercise or delays exercising any of its rights or
remedies under this agreement, that party retains the right to enforce that term or
provision at a later time.

20. Severability. If any court determines that any provision of this agreement is invalid
or unenforceable, any invalidity or unenforceability will affect only that provision and
will not make any other provision of this agreement invalid or unenforceable and shall be
modified, amended, or limited only to the extent necessary to render it valid and


Name of Business: ______________

a ____________________________
By: __________________________

Dated: _______________________

Printed Name: __________________

Title: _________________________

Address: _______________________


Name of Business: ______________

a ____________________________

By: __________________________

Dated: _______________________

Printed Name: __________________

Title: _________________________

Address: _______________________

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