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Purchase and Sale Agreement

This Purchase and Sale Agreement template is used to document the terms and conditions between a buyer and a seller for the sale of goods or assets. It is suitable for a variety of transactions in a Southern African business context.

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Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

PURCHASE AND SALE AGREEMENT

This Purchase and Sale Agreement ("Agreement") is made and entered into this {{date}} by and between:

SELLER: {{seller_company_name}}, a company duly incorporated under the laws of {{seller_jurisdiction}}, with its principal place of business at {{seller_address}} (hereinafter referred to as "Seller").

BUYER: {{buyer_company_name}}, a company duly incorporated under the laws of {{buyer_jurisdiction}}, with its principal place of business at {{buyer_address}} (hereinafter referred to as "Buyer").

The Seller and Buyer are collectively referred to as the "Parties" and individually as a "Party".

1. AGREEMENT TO SELL AND PURCHASE

Subject to the terms and conditions of this Agreement, the Seller agrees to sell to the Buyer, and the Buyer agrees to purchase from the Seller, the following goods/assets (hereinafter referred to as the "Goods/Assets"): {{description_of_goods_assets}}.

2. PURCHASE PRICE

The total purchase price for the Goods/Assets shall be {{currency}} {{amount}} ({{amount_in_words}}) (hereinafter referred to as the "Purchase Price").

The Purchase Price shall be payable as follows: {{payment_terms_and_schedule}}.

3. DELIVERY AND INSPECTION

Delivery of the Goods/Assets shall take place on or before {{delivery_date}} at {{delivery_location}}.

The Buyer shall have the right to inspect the Goods/Assets upon delivery and shall notify the Seller in writing of any defects or non-conformity within {{inspection_period}} business days of delivery. Failure to provide such notice shall constitute acceptance of the Goods/Assets by the Buyer.

4. WARRANTIES

The Seller warrants that {{seller_warranties_regarding_goods_assets}}.

EXCEPT AS EXPRESSLY PROVIDED IN THIS AGREEMENT, THE GOODS/ASSETS ARE SOLD "AS IS" WITHOUT ANY OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

5. RISK OF LOSS

Risk of loss or damage to the Goods/Assets shall pass from the Seller to the Buyer upon {{risk_of_loss_transfer_event}}.

6. GOVERNING LAW AND JURISDICTION

This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}.

Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of {{dispute_resolution_jurisdiction}}.

7. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties and supersedes all prior discussions, negotiations, and agreements, whether oral or written, relating to the subject matter hereof.

Signature Block

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

___________________________ ___________________________

Seller Signature Buyer Signature

Name: {{seller_signatory_name}} Name: {{buyer_signatory_name}}

Title: {{seller_signatory_title}} Title: {{buyer_signatory_title}}

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