What is a Sales Agreement?
A sales or purchase agreement is a contract between two parties that involves whatever goods or services to be offered in exchange for something in return. Individuals and businesses create such an agreement during any sale in order to clearly define the role of one party member as the buyer and the other as the seller. Also, it guarantees that the parties involved are committed to fulfilling the exchange, assuming that they agree to the terms and sign the document.
How to Write a Sales Agreement
1. Start With Pointing Out Who Is Involved
Written sales agreements that involves the sale of any goods and/or services must contain the names of those who are involved. The purpose of this is to point out exactly who is the buyer and who is the seller in the exchange. Aside from the names, you may also include their addresses and any other information that you think is necessary for identification purposes.
2. State What Goods/Services Will Be Provided
Next is for you to provide a list of all the items that are included in the sale. When doing this, you have to write down the full legal description of whatever it is that is being purchased by the buyer. Take note that you may have to include any additional details on certain goods. For example, a vehicle purchase agreement will require you to include the make, model and color of whatever vehicle is involved.
3. State the Payment Details
Here is where you are going to have to write down how the buyer will pay for whatever is being offered to him/her. Although payment usually comes in the form of money, it can also be done in other ways such as the buyer providing the seller with a number of services he/she is able to give. Just make sure that the details are clear as to the payment schedule, how payment will be made, who makes the payment, and when the payment will be made.
4. Include Any Additional Terms
You are going to want to place any additional terms that the buyer will have to agree to ensure a successful exchange that protects both parties. This can be anything from a non-disclosure agreement to the terms of how disputes should be settled. Also, include any important details such as dates or names that are necessary for both to learn.
5. Close the Agreement
The way to do this is by providing spaces where both the buyer and seller can place their complete names and signatures. Having them in the document shows that they have agreed to the terms that allow them to push through with the exchange. Make sure that you also include the date in which the agreement was signed as this will be useful when proving when the parties accepted the legal agreement.