A purchase agreement contract is a legal document drafted when an individual referred to as the purchaser wants to purchase a property or products from another individual referred to as the seller. The details mentioned in the contract include the purchase price required to be paid by the purchaser as well the terms and conditions he has to abide by after entering into the contract.
Sample Purchase Agreement Contract
Purchase Agreement Contract Number: PA 3456
Effective date of contract: 10th of December 2011
This purchase agreement contract has been drafted and entered into between Brett Lee referred to as the purchaser and Robin Smith referred to as the seller where in the purchaser enters into an agreement with the seller to purchase cotton material manufactured by the organization of the seller on a monthly basis.
There are few terms and conditions that both the parties need to agree to:
- The contract date begins from 10th of December 2011 and ends on 10th of December 2013. The renewal of the contract is at the discretion of both the parties.
- The purchaser agrees to buy a minimum of one ton product every month.
- The purchase price of the products needs to be paid in advance, failure of which lead to the cancellation of the purchase order. The delivery cost of the products will also be incurred by the purchaser.
- The seller assures that the products are of good quality and he will be selling no damaged products.
Signature of purchaser: Signature of seller:
Brett Lee Robin Smith