What comes to mind when you think of a purchase and sale agreement? Legal documents, perhaps? Maybe the notion of business done right, or an idea of entrepreneurial endeavors. None of those are wrong and a bit of all that gets discussed in this article. Before delving into the nuances of a good purchase and sale agreement sample, let’s first dive into our varied list of templates. You never know what you might find among these agreement templates.

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13+ Sample Purchase and Sale Agreement Templates

Purchase and Sale Agreement Sample Template

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Size: A4, US

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Restaurant Purchase and Sale Agreement Template

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Size: A4, US

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Purchase and Sale of Shares Agreement Template

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Size: A4, US

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Sample Agreement of Purchase and Sale of Business Assets Template

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Size: A4, US

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Film & Television Asset Sale and Purchase Agreement

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Size: A4, US

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Agreement of Purchase and Sale of Business Assets Short Template

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Size: A4, US

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Real Estate Purchase and Sale Agreement Sample

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Size: 30 KB

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Business Purchase and Sale Agreement Sample

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Size: 70 KB

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Property Purchase and Sale Agreement Sample

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Size: 230 KB

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Purchase And Sale Agreement Sample Form

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Size: 101 KB

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This form is drafted for the purpose of buying or selling a yacht and appropriate for both the seller and buyer. It also has a clause to ascertain seaworthiness of the yacht before sale.

Purchase and Sale Agreement For Equipment Sample

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Size: 24 KB

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This agreement is specifically drafted for buying and selling of equipment. It covers all the basic clauses to be considered before executing the sale.

Sample Blank Purchase and Sale Agreement

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Size: 449 KB

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Standard Form Purchase and Sale Agreement Example

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Size: 21 KB

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Residential Purchase and Sale Agreement Format

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Size: 173 KB

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Target Audience for the Purchase and Sale Agreement Samples

Since this document protects both the buyer and seller, their value can never be undermined. It does take an effort to read and execute, but it will be worth the effort as the absence of a Purchase and Sale Agreements can be catastrophic, especially if a fraud has taken place. There should be a ‘no compromise’ intention from both the seller and buyer.

The Significance of a Purchase and Sale Agreement

So you’ve downloaded a purchase and sales agreement sample. Are you even sure of its significance? If you don’t, know that this is supposed to play a key role in any business transaction. You can be purchasing land, for example. How do you protect your purchase? By also getting a real estate purchase and sale agreement. Having a purchase and sale agreement example protects both parties from fraud or any liability that comes from the transition.

Tips on Drafting a Purchase and Sale Agreement

By now it’s quite clear that there are a lot of variations, each one depending on its purpose. A real estate purchase and sale agreement template, for example, as an obvious use. So do the purchase and sale agreement for car variant and the residential purchase and sale agreement. What do these examples have in common? Someone was responsible for making them. That can be you now, too. If you want to create your own printable purchase and sale agreement, here are the tips you’d want to know.

Tip 1: Always Be Clear with the Parties

Like all legal contracts, a purchase and sale agreement business paper won’t be so effective if the parties involved are not specified clearly. Always make it a point to write down each party’s name, along with descriptions that point out who the seller is and who the buyer is.

For the purchased item’s legal description, you need to get a copy of the deed. This is most likely going to happen when you purchase land. For this kind of purchase, a trip to the Recorder of Deeds will be necessary.

Tip 3: Always State the Price

Another important detail that you cannot afford to go without would be the price of what you just purchased. You can even specify if it has already been paid in full or if it is done on an installment payment basis.

Tip 4: Specify if an Inspection is Needed or Not

Some purchases may warrant an inspection. Again, this is quite common when purchasing real estate properties like a residential building. If you’re drawing up a real estate purchase and sale agreement, always make sure to include a clause implementing an inspection of the property.

FAQ’s

What is the main purpose of a purchase and sale agreement?

The purpose of a purchase and sale agreement is to ensure transparency in the transaction and safeguarding the interests of both the seller and buyer against any liability.

Is it necessary to notarize the purchase and sale agreement?

Not necessarily since a notary provides no legal value. Agreement for sale documents may be directly registered in a sub-registrar’s office without any notarization whatsoever.

How long does the validity of an agreement last?

An agreement or a contract’s validity can last for up to three years, starting from the specified date mentioned within.

If there’s one huge takeaway from this article, it’s the fact that you can’t go wrong with a well-made purchase and sale agreement on your side. This legal document will come in handy and now you’ve got a broader knowledge of the topic to show for it. What happens next is up to you; do you download a purchase and sale agreement template or write up the contract from scratch? Don’t waste any more time deciding and act now!

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