Purchase Sale Agreement

Purchase and Sale Agreement

When it comes to acquiring assets and properties such as a new car or a piece of land, you will need to have a well-worded contract that solidifies your ownership. One of these forms is the purchase and sale agreement. As its name suggests, it charts out the rights and responsibilities of the buyer and the seller.

14+ Purchase and Sale Agreement Examples

1. Purchase and Sale Agreement Template

purchase and sale agreement template
Details
File Format
  • Google Docs
  • Word
  • Pages

Size: A4 & US

Download

2. Restaurant Purchase and Sale Agreement

restaurant purchase and sale agreement template
Details
File Format
  • Google Docs
  • Word
  • Pages

Size: A4 & US

Download

In this template a sample sales and purchase agreement is given between the seller which is a restaurant and between a buyer who can be either a person or a company. It is in the form of a contract where the restaurant’s address as well as the assets which are for sale is given.

3. Asset Sale and Purchase Agreement

film television asset sale and purchase agreement template
Details
File Format
  • Google Docs
  • Word
  • Pages

Size: A4 & US

Download

4. Agreement of Purchase and Sale of Business Assets

agreement of purchase and sale of business assets template
Details
File Format
  • Google Docs
  • Word
  • Pages

Size: A4 & US

Download

5. Purchase and Sale of Shares Agreement

purchase and sale of shares agreement template
Details
File Format
  • Google Docs
  • Word
  • Pages

Size: A4 & US

Download

6. Master Coal Purchase and Sale Agreement

Details
File Format
  • PDF

Size: 271 KB

Download

7. Simple Purchase and Sale Agreement

Details
File Format
  • PDF46 KB

Size: 46 KB

Download

8. Purchase and Sale Agreement Format

Details
File Format
  • PDF

Size: 102 KB

Download

9. Real Estate Purchase and Sale Agreement

Details
File Format
  • PDF

Size: 738 KB

Download

10. Purchase and Sale Agreement Example

Details
File Format
  • PDF

Size: 3 MB

Download

11. Sample Purchase and Sale Agreement

Details
File Format
  • PDF

Size: 133 KB

Download

12. Gas Purchase and Sale Agreement

Details
File Format
  • PDF

Size: 345 KB

Download

13. Horse Purchase and Sale Agreement

Details
File Format
  • PDF

Size: 181 KB

Download

14. Construction Purchase and Sale Agreement

Details
File Format
  • PDF

Size: 350 KB

Download

15. Purchase and Sale Agreement in DOC

Details
File Format
  • DOC

Size: 16 KB

Download

What is a Purchase and Sale Agreement?

A purchase and sale agreement is the agreement that decides all the terms and conditions in the purchasing and selling of a company’s shares, real estate properties, and other assets. The person or business acquiring the property or shares or goods of the same kind is the buyer, whereas the person or company selling the assets is the seller.

How to Draft a Purchase and Sale Agreement

If you are a buyer or a seller, you have to make sure that whatever you are handling, be it a home, a building or a plot of land, the purchase and sale agreement that you use must be accurate. They can be legally binding after all, so you must create these with care.

1. Word-It Out Wisely

When creating the agreement, make sure to get the terms and conditions right. With a well-worded contract, both buyer and seller will have to follow those terms to the letter to make the transaction go smoothly. It can also help the people involved know what to do during the deal.

2. Make It Understandable

When doing the write up of the agreement, make sure to phrase every word and sentence in simple terms. Avoid making it filled with jargon and terminology. Not every buyer and seller is highly knowledgeable about sales management, so be considerate when working out the contract. Making it easily understandable for everyone will also help the transaction go forward quickly.

3. Mention Everyone Involved

To make your purchase and sale agreement complete, include the names and personal information of everybody involved. Whether they are a person, a company, or otherwise, include details like names, signature, and logos to make it official.

4. Double Check the Final Draft

After you have made your final draft take the time to double-check for any errors, typos, and inaccuracies in the agreement that can lead to a lot of trouble later on, that is why it is crucial to check so you can make any amendments right away.

FAQ’s

How long is a purchase and sale agreement valid for?

In the United States, a purchase and sale agreement is good for about a year. This gives enough time for the buyer and the seller to complete their transaction together in the proper way.

In real estate, who is the one who prepares the purchase and sale agreement?

Usually, it is the real estate brokers or agents who prepare the purchase and sale agreement on behalf of the seller. It must always come from the side of the seller.

Is it possible to back out from a purchase and sale agreement?

Yes, it is possible. A buyer can back out of the ceiling before the closing of the deal. However, it means they forfeit their purchase. The only way they can’t back out is to sign an agreement before this that they can’t back out.

As mentioned by an article by Statista, purchase, and sale agreements play a vital role in business deals. Without it, owners are at risk of being situations that can hurt their business or harm its value. But with a well written one, they will be able to know what they are buying right away. They can also prepare for other transactions like down payment and mortgage, so purchase and sale agreements help with a lot of decision making down the line as well.

Agreement Maker

Text prompt

Add Tone

Formulate an agreement for student behavior in the school library

Create an agreement for participating in a school sports team.