10+ Purchase and Sales Agreement Templates
When major sales transactions such as the selling and buying of business assets is about to happen, a purchase and sales agreement document must first be formulated. They’re basically an advanced version of typical bills of sale. They can also be called in various names, depending on the nature of the transaction. The contents of these documents consists of the legalities concerning a property/product, the agreements made by the buyer and seller, the important details of both parties, and many more. In this guide, we will show you how to create a purchase and sales agreement document.
Table of Content
- 5 Steps in Creating a Purchase and Sales Agreement Document
- 10+ Purchase and Sales Agreement Templates
- 1. Purchase and Sale Agreement Template
- 2. Restaurant Purchase and Sale Agreement Template
- 3. Purchase and Sale of Shares Agreement Template
- 4. Film & Television Asset Sale and Purchase Agreement Template
- 5. Agreement of Purchase and Sale of Business Assets Short Template
- 6. Agreement Of Purchase Template
- 7. Sample Agreement of Purchase and Sale of Business Assets
- 8. Sample Agreement of Purchase and Sale of Shares by Shareholder
- 9. Asset Transfer and Sale Agreement Template
- 10. Sample Purchase and Sale Agreement
- 11. Contract of Purchase and Sale Template
5 Steps in Creating a Purchase and Sales Agreement Document
Step 1: Begin with the basics
Start by identifying the entities and individuals involved in the transaction. List down the names of both the buyers and the sellers, and also their contact details. Then proceed by elaborating about the product/property to be sold. If there’s more than one, make sure to enumerate each.
Step 2: Determine the prices and establish timelines.
It is understood that determining the prices of the product/property is an essential step in every sales transaction, because it obviously involves money. But establishing timelines on when the turnover of products/properties comes into effect is sometimes overlooked. They’re are an important part of purchase and sales agreements because they serve as a deadline on when the buyer should fulfill his/her obligation to pay.
Step 3: Make agreements.
This is one of the most crucial parts of the document. In this process, the buyer and the seller should negotiate thoroughly and collaboratively. Both parties should be clear on what they’ll get from the transaction, and what they may lose from it. And lastly, both parties should also be clear regarding their obligations. To sum it all up, both of them should have mutual feeling about the transaction.
Step 4: Formulate contingency plans.
If ever the other party deviates from their obligation and the agreement itself, the formulated contingency plan will compensate that. To do this, you must first enumerate the possible scenarios that might occur if the other party fails to accomplish their end of the bargain. You can implement several grounds for agreement dissolution, which is the most advisable step in situations such as failure in meeting obligations.
Step 5: Review the document from start to finish.
Take some time to go over the document. Check if every statement adds relevance to the agreement. Make sure that nothing important was left out to avoid disputes with the other party.
10+ Purchase and Sales Agreement Templates
1. Purchase and Sale Agreement Template
The Purchase and Sale Agreement Template provides you with everything that a purchase and sales agreement document should cover. Nothing important is left out. So basically all you have to do is fill in its blanks. You can also make some changes with it to make it more in-line with the specific nature of a transaction. Owning this template will only take a few steps, which starts by clicking on its ‘download’ button.
2. Restaurant Purchase and Sale Agreement Template
The Restaurant Purchase and Sale Agreement Template is primarily intended for sales transactions involving one party coming from the restaurant industry. However, you can use this template in any form of transaction since it can be freely edited. This template’s best attribute is that it goes into full-detail on each angle that has major relevance with the agreement.
3. Purchase and Sale of Shares Agreement Template
The Purchase and Sale of Shares Agreement Template focuses mainly on the selling and purchasing of company shares. A company share isn’t exactly a tangible property like buildings and real estates. Therefore, sales transactions involving it should include numerous terms of legalities and conditions, and this template does that effectively for your convenience.
4. Film & Television Asset Sale and Purchase Agreement Template
As you can see with its name, the Film & Television Asset Sale and Purchase Agreement Template is meant for media and film studio companies. The assets of these types of companies are extremely expensive. Hence, making a purchase and sales agreement for them is quite complicated and delicate. But with this template’s help, it becomes much more easier and faster.
5. Agreement of Purchase and Sale of Business Assets Short Template
The Agreement of Purchase and Sale of Business Assets Short Template focuses on the selling and buying of assets, similar with the previous template. This template already outlines everything in your stead, all you have to do is encode the important details and information of the sales transaction. Plus it has no unnecessary artistic design, which is a must for every formal document.
6. Agreement Of Purchase Template
The Agreement Of Purchase Template has similar intentions with the Purchase and Sale of Shares Agreement Template. It also concerns about the buying and selling of company shares. All the statements and words that you might want say about company shares sales transaction is already given by this template. Therefore, you should consider owning this for the sake of your convenience.
7. Sample Agreement of Purchase and Sale of Business Assets
The Sample Agreement of Purchase and Sale of Business Assets is yet another template on this list which concerns business assets sales transactions. This template is eight pages long. Hence, you can expect that it allows you to dive deep into full-detail on all the angles that need to be tackled in a purchase and sale agreement. You can open and edit this template with the use of MS Word and Pages.
8. Sample Agreement of Purchase and Sale of Shares by Shareholder
The Sample Agreement of Purchase and Sale of Shares by Shareholder is the third template on this list that emphasizes the buying and selling of company shares. It includes the various prices of the shares, its terms and conditions, the procedures involved, the tax obligations, the representations and warranties, and other relevant angles. So why not own this template now and give it a try.
9. Asset Transfer and Sale Agreement Template
The Asset Transfer and Sale Agreement Template is the fourth entry on this list intended for sales transactions involving business assets. This template is nine pages long since it comprehensively elaborates in great detail all of the important information. The only things you need to do with this template is encoding names, contact details, important numbers and statistical analysis, and other notes that needs to be put into account.
10. Sample Purchase and Sale Agreement
The Sample Purchase and Sale Agreement is a prime example on how a simplified purchase and sales agreement document should look like. Since it’s a simplified version, you can use it for small and impromptu sales transactions. But you can also use it as a base for you to write the agreement document around. No risk will be involved if you give this sample a try due to the fact that it can be downloaded for free.
11. Contract of Purchase and Sale Template
The Contract of Purchase and Sale Template is a great reference if you prefer to make a short yet functional purchase and sale agreement document. On its first part, you can see that it provides a table wherein the identity and contact details of the buyer and seller should be encoded. Then, it proceeds to the details about the property, including its price, terms and conditions, and other points of consideration.