Sales Contract

Topics: Contract, Warranty, Implied warranty Pages: 3 (921 words) Published: January 21, 2013
Sales Agreement

THIS SALES AGREEMENT (the “Agreement”) dated this 10th day of October, 2012. BETWEEN: Jim Doe of 456 First St., Secondville, Michigan (the “Purchaser”) OF THE FIRST PART

AND Brenda’s Widgets Inc. of 123 Main St., Podunk, Iowa (the “Seller”) OF THE SECOND PART

IN CONSIDERATION OF THE COVENANTS and agreements contained in this Sale Agreement, the parties to this Agreement agree as follows:

Sale of Goods 1. The Seller will sell, transfer, and deliver to the Purchaser the following goods on or before May 31, 2012 (the “Goods”) a. 10,000 widgets Purchase Price 2. The Purchaser will accept the Goods and pay for the Goods with the sum of fifty thousand ($50,000) USD, paid as follows: a. Down payment of $5,000 upon contract execution b. the remainder of the purchase price within 10 day of receipt of delivery of the Goods. 3. Payment of the Goods will be made to the Seller when the Purchaser has confirmed receipt of the Goods.

Delivery of Goods 4. The Goods will be deemed by the purchaser when delivered the Purchaser’s place of business located at 456 First St., Secondville, Michigan. The Purchaser agrees to pay the cost of the shipment. Risk of Loss 5. Risk of loss will be the responsibility of the Seller from the time of delivery to the Purchaser. The Seller will provide at its expense insurance on the Goods insuring the Seller’s and the Purchaser’s interest as they appear, until receipt of shipment has been confirmed. Warranties 6. THE GOODS ARE SOLD WITH WARRANTY. THE SELLER ACCEPTS ALL WARRANTIES WHETHER EXPRESS OR IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. The Seller assumes, or authorizes any other person to assume on the behalf of the Seller, any liability in connection with the sale of the Goods. 7. Upon delivery of the Goods, the Purchaser reserves the right to inspect the Goods, or have it inspected. The Purchaser must confirm and accept the Goods as being in good condition. Further the Seller...
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