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Confirmation of Purchase Agreement

This template serves as a formal confirmation of a purchase agreement between two parties, detailing the terms and conditions of the transaction. It is used after an initial agreement has been reached to formalize the details.

Updated 15d ago
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Company Letterhead

{{company_name}}

{{company_address}}

{{phone}}

{{email}}

{{website}}

Date and Reference

Date: {{date}}

Our Reference: {{our_reference_number}}

Your Reference: {{your_reference_number}}

Confirmation of Purchase Agreement

This document serves as a formal confirmation of the Purchase Agreement entered into between:

**Seller:** {{seller_company_name}}, with registered address at {{seller_company_address}} (hereinafter referred to as “the Seller”).

**Buyer:** {{buyer_company_name}}, with registered address at {{buyer_company_address}} (hereinafter referred to as “the Buyer”).

This confirmation relates to the agreement reached on {{agreement_date}} for the purchase of {{description_of_assets_or_shares}} (hereinafter referred to as “the Assets/Shares”).

Terms of Purchase

The Buyer agrees to purchase, and the Seller agrees to sell, the Assets/Shares under the following terms and conditions:

**1. Purchase Price:** The total purchase price for the Assets/Shares shall be {{currency}} {{purchase_price}} ({{purchase_price_words}}).

**2. Payment Schedule:** The purchase price shall be paid as follows:

a) An initial deposit of {{currency}} {{deposit_amount}} on or before {{deposit_due_date}}.

b) The remaining balance of {{currency}} {{balance_amount}} on or before {{final_payment_due_date}}.

**3. Method of Payment:** All payments shall be made by {{method_of_payment}} to the Seller's nominated bank account: Account Name: {{seller_bank_account_name}}, Account Number: {{seller_bank_account_number}}, Bank: {{seller_bank_name}}, Branch Code: {{seller_bank_branch_code}}.

Delivery and Transfer of Ownership

**1. Delivery Date:** The Assets/Shares shall be delivered/transferred to the Buyer on or before {{delivery_transfer_date}} at {{delivery_transfer_location}}.

**2. Transfer of Ownership:** Ownership of the Assets/Shares shall pass from the Seller to the Buyer upon full and final payment of the purchase price, unless otherwise agreed in writing.

**3. Costs:** All costs associated with the transfer of ownership, including but not limited to registration fees and duties, shall be borne by {{party_responsible_for_costs}}.

Representations and Warranties

The Seller represents and warrants that:

**1.** They have full legal right, power, and authority to enter into this Agreement and to sell the Assets/Shares.

**2.** The Assets/Shares are free from any liens, encumbrances, or third-party claims.

**3.** All information provided to the Buyer regarding the Assets/Shares is true, accurate, and not misleading.

The Buyer represents and warrants that:

**1.** They have full legal right, power, and authority to enter into this Agreement and to purchase the Assets/Shares.

**2.** They have the financial capacity to fulfill their payment obligations as set out in this Agreement.

Governing Law and Jurisdiction

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

Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the rules of {{arbitration_institution}}.

Entire Agreement

This document, together with the original Purchase Agreement dated {{agreement_date}}, 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. No modification or amendment to this Agreement shall be valid unless made in writing and signed by both parties.

Acceptance and Confirmation

Please confirm your acceptance and agreement to the terms outlined above by signing and returning a copy of this Confirmation of Purchase Agreement to us by {{response_due_date}}.

Failure to respond by the stipulated date may result in a review or termination of the underlying Purchase Agreement.

Signature Block

FOR THE SELLER:

____________________________

Name: {{seller_signer_name}}

Title: {{seller_signer_title}}

Date: _______________

FOR THE BUYER:

____________________________

Name: {{buyer_signer_name}}

Title: {{buyer_signer_title}}

Date: _______________

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