A sales agreement (also known a sales contract and a sales of goods contract) lets both parties know what to expect during the sale of goods or services. It helps parties better understand the details of the agreement, while minimizing the chances of a dispute later on. Sales contracts are governed by state and federal contract laws. The laws covering the sale of goods often implicates a standard for professional conduct required of merchants. Courts often hold merchants, who have more experience and knowledge, to a different standard than normal consumers. This higher standard requires businesses to be even more careful when drafting and implementing a sales agreement.
It’s safe to say that a custom agreement drafted by an attorney looks more official than a template found online. Hey - sometimes looks do matter.
You’ll have someone to turn to
Many LawTrades attorneys are rehired by clients. Although attorneys are great, it’s also easier and more efficient to continue using the same person. By hiring an attorney to draft a sales agreement, s/he will know about your company and be able to represent you moving forward.
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An attorney may notice some weak points in your proposed agreement, or have some advice on how to run your business more smoothly. You won’t receive that personalized attention through an online template.
Can I use a template I found online?
All contracts should accurately reflect the intent of the parties so a boilerplate often leaves out important terms. Also, sales agreements typically vary depending on the industry and jurisdiction so it’s unlikely the template online fits your particular situation / sale.
What terms should go into a sales agreement?
A sales agreement should clearly describe the item and/or service. This should include a physical description and the quantity being sold. Also, the contract should list the parties entering the agreement, payment details, delivery date, and warranties (if any). Lastly, if the agreement is for the sale of goods then it’s important that the terms to satisfy the Uniform Commercial Code (UCC).
Does an affiliate agreement have to be in writing?
A bill of sale is a form which states an item's ownership has been transferred from one party to another. It can be used as part of a sales agreement or used independently to prove that the goods officially changed hands. LawTrades assists businesses with drafting bills of sale as well.
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