Sale on Approval Acknowledgment

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date and Reference

Date: {{date}}

Our Ref: {{our_reference}}

Your Ref: {{your_reference}}

To: Customer Details

{{customer_company_name}}

{{customer_address}}

Attention: {{contact_person}}

Subject: Acknowledgment of Goods on Sale on Approval

Dear {{contact_person}},

This serves to acknowledge your receipt of the following goods on a sale on approval basis, as per our agreement dated {{agreement_date}}:

Details of Goods Received

| Item No. | Description | Quantity | Unit Price ({{currency}}) | Total Price ({{currency}}) |

|---|---|---|---|---|

| {{item_1_no}} | {{item_1_description}} | {{item_1_quantity}} | {{item_1_unit_price}} | {{item_1_total_price}} |

| {{item_2_no}} | {{item_2_description}} | {{item_2_quantity}} | {{item_2_unit_price}} | {{item_2_total_price}} |

| {{item_3_no}} | {{item_3_description}} | {{item_3_quantity}} | {{item_3_unit_price}} | {{item_3_total_price}} |

*(Add more rows as necessary)*

Total Estimated Value: {{currency}} {{total_estimated_value}}

Terms and Conditions of Approval

1. **Approval Period:** The approval period for these goods shall commence on {{start_date_of_approval}} and shall terminate on {{end_date_of_approval}} (the “Approval Period”).

2. **Acceptance:** If, by the end of the Approval Period, we have not received written notification from you indicating rejection of the goods, the goods will be deemed to have been accepted by you, and an invoice will be issued for the full amount.

3. **Rejection and Return:** Should you decide to reject the goods, you must notify us in writing before the expiry of the Approval Period and arrange for the safe return of the goods to our premises at {{company_address}} in their original condition and packaging, at your own expense.

4. **Damage or Loss:** You shall be responsible for any loss or damage to the goods during the Approval Period, however caused, and will be liable for the full purchase price should the goods not be returned in their original, resalable condition.

5. **Ownership:** Ownership of the goods shall remain with {{company_name}} until full payment has been received.

Acknowledgment of Receipt

By signing below, you acknowledge receipt of the aforementioned goods under the terms and conditions outlined in this document.

Signature Block

Yours faithfully,

For: {{company_name}}

_____________________________

Name: {{company_representative_name}}

Title: {{company_representative_title}}

Acknowledged and Agreed:

For: {{customer_company_name}}

_____________________________

Name: {{customer_representative_name}}

Title: {{customer_representative_title}}

Date: {{acknowledgment_date}}