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Sales and Purchase Agreement of Goods Sample

If you are in the process of buying or selling goods, it`s important to have a sales and purchase agreement (SPA) in place. A SPA is a legal contract between the buyer and seller which outlines the terms of the sale and purchase transaction.

To help you get started with drafting an SPA, we`ve put together a sample agreement below:

Sales and Purchase Agreement of Goods

This Sales and Purchase Agreement (SPA) is made on 2024 by and between [Seller`s Name] (“Seller”), located at [Address], and [Buyer`s Name] (“Buyer”), located at [Address].

1. Goods Description

The Seller agrees to sell, and the Buyer agrees to purchase, the following goods [insert description of the goods to be sold] (the “Goods”).

2. Purchase Price

The purchase price for the Goods shall be [insert amount] dollars ($[insert amount]).

3. Payment Terms

The Buyer shall pay the purchase price in full on or before [insert date].

4. Delivery and Inspection

The Seller shall deliver the Goods to the Buyer at [insert location] on or before [insert date]. The Buyer shall have [insert number of days] days after delivery to inspect the Goods and notify the Seller of any defects or nonconformities.

5. Warranties

The Seller warrants that the Goods are free from defects in material and workmanship and conform to all specifications and descriptions provided by the Seller. This warranty shall be in effect for [insert number of days] days after delivery of the Goods.

6. Limitation of Liability

The Seller`s liability under this SPA shall be limited to the purchase price of the Goods. In no event shall the Seller be liable for any indirect, special, incidental, or consequential damages.

7. Governing Law

This SPA shall be governed by and construed in accordance with the laws of the [insert state or country].

8. Entire Agreement

This SPA constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the sale and purchase of the Goods.

9. Counterparts

This SPA may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement.

If you`re unsure about any of the terms or would like to make modifications specific to your circumstances, it`s always best to consult with a lawyer. However, this sample agreement should give you a good starting point for drafting your own SPA.

Remember, having a clear and concise SPA in place can help protect both the buyer and seller in the event of any disputes. It`s always better to be safe than sorry!

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