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Purchase Agreement Short Version

This simplified Purchase Agreement is for businesses buying or selling goods, outlining key terms like product details, pricing, and delivery. It is suitable for straightforward transactions that do not require extensive legal clauses.

Updated 15d ago
purchase agreementsales contractgoodssimplifiedSMEAfrica

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Purchase Agreement Short Version

Purchase Agreement Short Version

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

PURCHASE AGREEMENT SHORT VERSION

This Purchase Agreement (the 'Agreement') is made and entered into on this {{date_of_agreement}}

BETWEEN:

1. {{seller_company_name}}, a company duly incorporated under the laws of {{seller_country}}, with its principal place of business at {{seller_address}} (the 'Seller');

AND

2. {{buyer_company_name}}, a company duly incorporated under the laws of {{buyer_country}}, with its principal place of business at {{buyer_address}} (the 'Buyer').

1. GOODS

The Seller agrees to sell, and the Buyer agrees to purchase, the following goods (the 'Goods'):

Description: {{goods_description}}

Quantity: {{quantity}}

Model/SKU: {{model_sku}}

2. PURCHASE PRICE

The total purchase price for the Goods shall be {{currency}} {{purchase_price}} ({{purchase_price_words}}).

This price includes/excludes (choose one) any applicable taxes, duties, and shipping costs.

3. PAYMENT TERMS

Payment shall be made by the Buyer to the Seller as follows:

{{payment_terms_description}}

For example: '{{percentage_due_upfront}}% upon signing this Agreement, and the remaining {{percentage_due_on_delivery}}% upon delivery and acceptance of the Goods.', or 'Full payment due within {{number_of_days}} days of receipt of invoice.'

4. DELIVERY

The Goods shall be delivered by the Seller to the Buyer at {{delivery_address}} on or before {{delivery_date}}.

Delivery terms (e.g., EXW, FOB, CIF): {{delivery_terms}}

5. INSPECTION AND ACCEPTANCE

The Buyer shall have a period of {{number_of_days_for_inspection}} business days after delivery to inspect the Goods.

Any defects or non-conformity must be reported to the Seller in writing within this period. Failure to do so shall constitute acceptance of the Goods.

6. WARRANTIES

The Seller warrants that the Goods are free from defects in material and workmanship for a period of {{warranty_period}} from the date of delivery.

This warranty does not cover damage caused by misuse, neglect, or unauthorized modifications by the Buyer.

7. GOVERNING LAW

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

8. ENTIRE AGREEMENT

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

SIGNATURES

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

FOR THE SELLER:

___________________________

Name: {{seller_signer_name}}

Title: {{seller_signer_title}}

FOR THE BUYER:

___________________________

Name: {{buyer_signer_name}}

Title: {{buyer_signer_title}}

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