A sales agreement is a legal document that outlines the terms and conditions of a sale between a buyer and a seller. It is a crucial document that protects both parties in case of a dispute. In this article, we will provide a sample letter of sales agreement that can be used as a guide when drafting your own sales agreement.

Introduction

This sales agreement (the “Agreement”) is entered into on [date] between [seller’s name], located at [seller’s address] and [buyer’s name], located at [buyer’s address] (the “Buyer”).

Product

The Seller agrees to sell and the Buyer agrees to purchase the following product(s) (the “Product”): [description of the product]. The Product shall be delivered to the Buyer at [delivery address] on [delivery date].

Price and Payment

The price of the Product shall be [dollar amount] to be paid by the Buyer to the Seller on or before [payment due date]. Payment shall be made in [payment method] to the following account: [account details].

Delivery

The Seller shall deliver the Product to the Buyer on [delivery date]. The Buyer shall be responsible for all shipping and handling charges unless otherwise agreed upon in writing. The risk of loss or damage to the Product shall pass to the Buyer upon delivery.

Warranty

The Seller warrants that the Product is free from defects in material and workmanship for a period of [warranty period] from the date of delivery. If the Product is proven to be defective within the warranty period, the Seller shall either repair or replace the Product free of charge.

Limitation of Liability

The Seller shall not be liable for any consequential or indirect damages arising from the sale of the Product. The maximum liability of the Seller under this Agreement shall be limited to the purchase price of the Product.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of [state or country]. Any dispute arising from this Agreement shall be resolved by arbitration in accordance with the rules of the American Arbitration Association.

Entire Agreement

This Agreement constitutes the entire agreement between the parties and supersedes all prior or contemporaneous agreements or communications, whether oral or written, relating to the sale of the Product.

Conclusion

It is important to have a sales agreement in place to protect both the buyer and the seller. The above sample letter of sales agreement can be used as a guide when drafting your own agreement. Ensure that you carefully review and understand the terms and conditions before signing the agreement. If you are unsure about any of the terms, seek legal advice.