Purchase Agreement template
A two-party sale of goods or assets, with price, closing, and when title and risk transfer.
What this contract contains
Preamble and parties.In the creator you enter each party, pick whether you are buying or selling, and set the effective date. Names the sale and each party as Buyer or Seller. Choose your side in the creator.
Sale.Be specific enough that a third party could tell what transferred. In the creator you type the subject of the sale in plain English. Identifies what is being sold. You describe the goods or assets in the creator.
Purchase price and closing.In the creator you enter the price and closing date. At closing the seller transfers clean title and the buyer pays. Sets the price and when title transfers against payment.
Title and risk of loss. Passes title and risk to the buyer at closing, with a narrow seller-negligence exception.
Seller representations.Turn representations on in the creator when you want written seller promises about authority and liens. Optional. Confirms authority, ownership, and a 12-month survival window.
Governing law.Governing law and venue decide which state’s rules apply and where a dispute must be filed, or whether it goes to arbitration instead. In the creator you pick a listed jurisdiction or enter another, then choose court or arbitration so the sample is not locked to a default state. Sets the state law that governs the purchase agreement and where disputes must be brought. Choose the jurisdiction in the creator.
General. Covers assignment limits, waiver rules, severability, entire agreement language, notices, and counterpart or electronic-signature execution language.
Signature blocks. Authorized signatory and title lines for each party, ready for wet-ink or e-signature fields.
