Free Purchase Agreement Form

Service/Product Description

I. The Parties

This Purchase Agreement ("Agreement") is entered into as of Month Day, Yearby and between [Your Company Name]with a primary place of business at [Your Company Address] ("Seller"), and Buyer's Name with a primary place of business at Buyer's Address ("Buyer"). The Buyer and Seller may collectively be referred to as the ("Parties") or individually as a ("Party").

WHEREAS, the Seller is in the business of selling goods or services;

WHEREAS, the Buyer desires to purchase certain goods or services from the Seller;

WHEREAS, the Parties agree to enter into this Agreement to govern the terms and conditions of the sale;

NOW THEREFORE, in consideration of the mutual promises and agreements set forth herein, the Parties agree as follows:

II. Payment

A. Payment Terms

The Buyer agrees to pay the Seller the total purchase price of Amount, payable in accordance with the payment schedule provided by the Seller. All payments are due within Number days of invoice issuance, unless otherwise agreed in writing by both Parties.

B. Late Payment

In the event of a late payment, the Buyer will incur a late fee of Percentage per month on the outstanding balance. Failure to remit payment after Number days may result in the Seller pursuing legal action or terminating the Agreement.

III. Delivery

The Seller agrees to deliver the purchased goods or services to the Buyer on or before Month Day, Year, to the location specified by the Buyer. The delivery will be made in a timely and professional manner, with all reasonable precautions taken to ensure that the goods are in good condition upon arrival.

If any delay occurs due to unforeseen circumstances beyond the Seller’s control, the Buyer will be notified immediately. The risk of loss or damage to the goods passes to the Buyer upon delivery to the Buyer’s specified location or upon the Buyer’s acceptance of services.

IV. Transfer of Ownership

Ownership of the goods will transfer from the Seller to the Buyer upon full payment of the purchase price by the Buyer. Until the payment is made in full, the Seller retains all rights, title, and interest in the goods. The Buyer is responsible for ensuring timely payment to complete the ownership transfer process.

Upon payment, the Buyer assumes all rights and responsibilities associated with the goods, including maintenance and use. The Seller shall provide any necessary documentation required to complete the ownership transfer. In the case of services, the Seller agrees to provide all deliverables as stipulated in this Agreement.

Taxes, duties, or fees arising from the transfer of ownership are the sole responsibility of the Buyer. Both Parties shall ensure compliance with all legal requirements related to the transfer process.

V. Inspection

The Buyer shall inspect the goods upon delivery and notify the Seller of any discrepancies, defects, or damages within Numberbusiness days of receipt. The Buyer must provide clear and detailed documentation of any issues found during the inspection period, including photographs or written reports. If the Buyer fails to notify the Seller within the inspection period, this will constitute acceptance of the goods as delivered.

In the event that the Buyer identifies any defects, the Seller agrees to address the issue by either replacing the defective goods or providing a refund, at the Seller’s discretion. The Parties shall cooperate to resolve any discrepancies in a prompt and reasonable manner.

VI. Warranties

The Seller warrants that the goods sold under this Agreement are free from material defects and conform to the specifications provided to the Buyer. This warranty shall remain valid for a period of Number days from the date of delivery. If the goods fail to meet the warranty conditions within this period, the Buyer is entitled to seek a replacement or refund from the Seller.

However, this warranty does not cover damage resulting from improper use, handling, or installation by the Buyer. The Buyer agrees to follow any instructions or guidelines provided by the Seller to ensure proper use and maintenance of the goods. The Seller disclaims all other warranties, express or implied, including warranties of merchantability or fitness for a particular purpose.

VII. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state of State Name. Any disputes arising from or relating to this Agreement shall be resolved in the courts of State Name, and the Parties consent to the exclusive jurisdiction of such courts. Both Parties agree to comply with all applicable local, state, and federal laws.

VIII. Miscellaneous

A. Entire Agreement

This Agreement constitutes the entire understanding between the Parties regarding the purchase of goods or services. Any amendments must be in writing and signed by both Parties.

B. Severability

If any provision of this Agreement is found to be unenforceable, the remaining provisions will remain in full force and effect. The unenforceable provision shall be replaced by a valid provision that reflects the original intent of the Parties.

C. Force Majeure

Neither Party shall be held liable for any delay or failure in performance due to events beyond their reasonable control, such as natural disasters, strikes, or government actions.

D. Assignment

Neither Party may assign or transfer their rights or obligations under this Agreement without the prior written consent of the other Party, except in the case of a merger or sale of all or substantially all of a Party’s assets.

E. Confidentiality

The Parties agree to maintain the confidentiality of all proprietary information shared during the performance of this Agreement. Disclosure of such information to third parties is prohibited without written consent from the disclosing Party.

F. Indemnification

The Buyer agrees to indemnify and hold harmless the Seller from any claims, damages, or losses arising from the Buyer’s use of the purchased goods or services.

IX. Signatures

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

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