SALE OF GOODS AGREEMENT (TYPE 1)

 

 

Agreement made _____________ (date), between _________________________, of _________________________________ (address), _____________________ (city), ______________ (county), ________________ (state), in this agreement referred to as seller, and ___________________, of ____________________________ (address), __________________ (city), __________________ (county), _____________ (state), in this agreement referred to as buyer.

 

 

SECTION ONE:  SALE OF GOODS

 

Seller shall sell, transfer and deliver to buyer on or before __________ (date), the following personal property: __________ (description of goods).

 

SECTION TWO:  CONSIDERATION

 

Buyer shall accept the goods and pay __________ Dollars ($ ________ ) for the goods.

 

SECTION THREE:  IDENTIFICATION OF GOODS

 

Identification of the goods to this agreement shall not be deemed to have been made until both buyer and seller have specified that the goods in question are to be appropriated to the performance of this agreement.

 

SECTION FOUR:  PAYMENT ON RECEIPT

 

Buyer shall make payment for the goods at the time when, and at the place where, the goods are received by buyer.

SECTION FIVE:  RECEIPT CONSTRUED AS DELIVERY

 

Goods shall be deemed received by buyer when delivered to buyer at __________ (address), __________ (city), __________ (county), __________ (state).

 

SECTION SIX:  RISK OF LOSS

 

The risk of loss from any casualty to the goods, regardless of the cause, shall be the responsibility of the seller until the goods have been accepted by the buyer.

 

SECTION SEVEN:  WARRANTY OF NO ENCUMBRANCES

 

Seller warrants that the goods are now free, and that at the time of delivery shall be free from any security interest or other lien or encumbrance.

 

SECTION EIGHT:  WARRANTY OF TITLE

 

Furthermore, seller warrants that at the time of signing this agreement, seller neither knows nor has reason to know of the existence of any outstanding title or claim of title hostile to the rights of seller in the goods.

 

SECTION NINE:  RIGHT OF INSPECTION

 

Buyer shall have the right to inspect the goods on arrival and, within _______ business days after delivery, buyer must give notice to seller of any claim for damages on account of condition, quality or grade of the goods, and buyer must specify the basis of the claim of buyer in detail.  The failure of buyer to comply with these conditions shall constitute irrevocable acceptance of the goods by buyer.

 

In witness whereof, the parties have executed this agreement at __________ (designate place of execution) the day and year first above written.

 

 

 

_________________________

Signature

 

 

_________________________

Signature