Sample Purchase Agreement
This Purchase Agreement ("Agreement") is made and entered into as of November 6, 2087 by and between Adela Abshire, with a principal place of business located at Montgomery, AL 36101 ("Buyer"), and [Your Name], with a principal place of business located at [Your Company Address] ("Seller").
1. Definitions
1.1 "Product" refers to the goods or services identified in this Agreement to be sold by Seller and purchased by Buyer.
1.2 "Purchase Price" refers to the total amount to be paid by Buyer for the Product as detailed in this Agreement.
2. Purchase and Sale
2.1 Product Description
Seller agrees to sell, and Buyer agrees to purchase, the following Products: 500 units of Model X5000 high-performance laptops, including power adapters and carrying cases.
2.2 Purchase Price
The Purchase Price for the Products shall be $250,000, payable under the terms described in Section 3.
3. Payment Terms
3.1 Payment Schedule
The Buyer agrees to pay the Purchase Price of $250,000 as follows:
50% ($125,000) as a deposit upon signing this Agreement.
25% ($62,500) upon delivery of the Products to the Buyer’s specified location.
25% ($62,500) within 30 days after delivery, contingent upon satisfactory inspection of the Products.
3.2 Payment Method
All payments shall be made via electronic bank transfer to the Seller’s designated account as follows:
Bank Name: Global Commerce Bank
Account Number: 123456789
Routing Number: 987654321
SWIFT Code: GCMBUS33
3.3 Late Payments
If any payment is not made by the due date, the Buyer agrees to pay a late fee of 1.5% of the overdue amount per month until the payment is received.
3.4 Taxes
The Purchase Price excludes any applicable taxes. The Buyer shall be responsible for paying any sales, use, or value-added taxes arising from the purchase of the Products, unless a valid tax exemption certificate is provided.
4. Delivery
4.1 Delivery of the Products shall be made to Montgomery, AL 36101 by November 15, 2087.
4.2 Risk of loss shall pass to Buyer upon delivery of the Products.
5. Warranties
5.1 Seller warrants that the Products shall conform to the specifications set forth in this Agreement and shall be free from defects in material and workmanship for a period of [Insert Warranty Period] from the date of delivery.
6. Limitation of Liability
6.1 In no event shall Seller be liable for any indirect, incidental, special, or consequential damages arising out of or in connection with this Agreement, whether based on breach of contract, tort, or any other legal theory.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [Insert State], without regard to its conflicts of law principles.
8. Entire Agreement
This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter.
9. Execution
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Your Name]
Seller
Adela Abshire
Buyer
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