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Sales Contract basics

A Sales Contract is a two-sided agreement that obligates each party to uphold certain agreements, such as the delivery of a quality product, for that product by a specific date. A Sales Contract is simple to make, provides more protection than a basic invoice or receipt, and also includes a confidentiality agreement to protect both businesses in a B2B sales transaction.

What is meant by a Contract of Sale?

A Contract of Sale is intended to protect both the buyer and seller. This contract defines the obligations for both sides of the transaction, including a promise to deliver the product as described, and an agreement to pay for the product by a certain date.

What are the characteristics of a Contract of Sale?

Typically, a Contract of Sale will include provisions for non-payment, product damage, dispute resolution, confidentiality, severability, and waiver of contractual rights.

How do I write a Sales Contract?

Making a Sales Contract online is simple. Just answer a few questions, and Rocket Lawyer will build your document for you. Consider these questions beforehand to make the process speedier:

  • When will the contract become effective?
  • Will you specify quality standards that the goods must meet? If so, what are they?
  • How will the service provider or seller be paid?
  • Will payment discount terms be included? If so, what are the payment discount terms?

If you don't have all of the details you need, you can skip questions, and save your document for later.

What is most important in a Sales Contract?

The most important aspect you should pay attention to in a sales contract is the 'description of the goods' section. Problems may arise if the description isn't precise, so it is vital that you include an accurate, detailed description of the goods the buyer wants to purchase.

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Sample Sales Contract

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