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What is a Sale of Goods agreement?

A “Sale of Goods Agreement”, also known as a Sales Agreement or Purchase Agreement, is a legal contract between a seller and a buyer that outlines the terms and conditions governing the sale and purchase of goods. This type of agreement is commonly used in commercial transactions where goods are being bought and sold. Sale of Goods Agreement helps establish clear expectations and responsibilities for both parties, protects their interests, and promotes a smooth and successful transaction.

Tips

• Specify Pricing, discounts and delivery times: Clearly outline the purchase price for the goods, including any applicable taxes, fees, or shipping costs.
• Address Delivery and Acceptance: Define the terms and conditions for the delivery of the goods, including the delivery date, shipping method, and location of delivery. Specify the procedures for inspecting and accepting the goods upon delivery.