Contract Assignment 3 Sales Agreement

Topics: Contract, Mediation, Sales Pages: 3 (908 words) Published: July 1, 2015
Sales Agreement
THIS SALES AGREEMENT (the "Agreement") dated this _____ day of March, 2006

BETWEEN:
Brenda’s Widgets, Inc. (BWI) of 123 Main St., Podunk, Iowa (the 'Seller')
OF THE FIRST PART
- AND -
Jim Doe of 456 First St., Secondville, Michigan
(the 'Purchaser')
OF THE SECOND PART

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

Sale of Goods
1. The Seller will sell, transfer and deliver to the Purchaser, at his place of business, on or before June 1, 2007, the following goods (the 'Goods'): 10,000 widgets.

Purchase Price
2. The Purchaser will accept the Goods and pay for the Goods with the sum of fifty thousand ( $50,000.00 ) USD, paid as follows: a. down payment of $5,000.00 on January 15, 2007; and
b. the remainder of the purchase price by certified check as required in clause 4 of this Agreement. 3. The Seller and the Purchaser both acknowledge the sufficiency of this consideration. In addition to the purchase price specified in this Agreement, the amount of any present or future sales, use, excise or similar tax applicable to the sale of the Goods will be paid by the Purchaser, or alternatively, the Purchaser will provide the Seller with a tax exemption certificate acceptable to the applicable taxing authorities. 4. Payment for the Goods will be made to the Seller when the Purchaser is notified that the Goods have been delivered to his place of business by the Seller.

Delivery of Goods
5. The Goods will be deemed received by the Purchaser when delivered to the Purchaser at 456 First St., Secondville, Michigan. The method of shipment will be within the discretion of the Purchaser and Purchaser has agreed to pay for the shipping cost.

Risk of Loss
6. Risk of loss will be on the Seller until the goods are delivered to the Purchaser. The Purchaser will provide at its expense insurance on the Goods insuring the Seller's and the...
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