Sale on Approval Acknowledgment

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Buyer Information

{{buyer_company_name}}

{{buyer_address}}

Contact Person: {{buyer_contact_person}}

Phone: {{buyer_phone}}

Email: {{buyer_email}}

Acknowledgment of Goods on Approval

This letter serves to acknowledge that {{buyer_company_name}} (hereinafter referred to as "the Buyer") has received the following goods from {{company_name}} (hereinafter referred to as "the Seller") on a sale on approval basis:

Goods Received

Item No.	Description	Quantity	Unit Price	Total Value
{{item_1_no}}	{{item_1_description}}	{{item_1_quantity}}	{{item_1_unit_price}}	{{item_1_total_value}}
{{item_2_no}}	{{item_2_description}}	{{item_2_quantity}}	{{item_2_unit_price}}	{{item_2_total_value}}
{{item_n_no}}	{{item_n_description}}	{{item_n_quantity}}	{{item_n_unit_price}}	{{item_n_total_value}}

Total Estimated Value of Goods: {{total_estimated_value}}

Terms of Approval

The Buyer agrees to the following terms and conditions for the approval period:

1. **Trial Period:** The approval period for the aforementioned goods shall commence on {{start_date_of_approval}} and shall automatically expire on {{end_date_of_approval}} (the "Approval Period").

2. **Acceptance:** If the Buyer wishes to purchase the goods, a written notification of acceptance must be provided to the Seller before the expiration of the Approval Period. Acceptance will trigger an invoice for the agreed-upon purchase price.

3. **Return:** If the Buyer does not wish to purchase the goods, they must be returned to the Seller in their original condition, free from damage, wear, or alteration, at the Buyer's expense, by the end of the Approval Period.

4. **Risk of Loss:** During the Approval Period, the risk of loss or damage to the goods shall remain with the Buyer.

Obligations of the Buyer

During the Approval Period, the Buyer agrees to:

1. Exercise reasonable care and protection of the goods.

2. Not use the goods for any purpose other than evaluation.

3. Not sell, encumber, or otherwise dispose of the goods.

Notice of Non-Acceptance

In the event that the Buyer decides not to purchase the goods, written notice must be provided to the Seller at least {{number_of_days}} days prior to the expiration of the Approval Period. The Seller will provide instructions for the return of the goods.

Governing Law

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

Acknowledgement and Agreement

By signing below, the Buyer acknowledges receipt of the goods as described above and agrees to the terms and conditions set forth in this Sale on Approval Acknowledgment.

For {{buyer_company_name}}:

Signature: ___________________________

Name: {{buyer_authorised_person_name}}

Title: {{buyer_authorised_person_title}}

Date: {{signature_date}}

For {{company_name}}:

Signature: ___________________________

Name: {{seller_authorised_person_name}}

Title: {{seller_authorised_person_title}}

Date: {{signature_date}}