When you`re in the market for a new purchase, whether it`s a car, a house, or even just a new gadget, you`ll likely encounter a buyer agreement. A buyer agreement is a legal document that outlines the terms and conditions of the purchase, including any warranties or guarantees, the price, and the delivery date. It`s an essential tool for protecting both the buyer and the seller, and it`s important to understand what it contains before making a purchase.
A buyer agreement sample might look something like this:
[Company Name] Buyer Agreement
This agreement is made between [Seller Name], hereafter referred to as “Seller,” and [Buyer Name], hereafter referred to as “Buyer,” on [Date].
1. Description of Goods
The Seller agrees to sell to the Buyer the following goods:
[Insert description of goods, including any necessary details such as make, model, and quantity]
2. Price and Payment
The Buyer agrees to pay the Seller the sum of [Insert purchase price] for the goods described in section 1. Payment shall be made in the form of [Insert payment method, such as cash, check, or credit card].
3. Delivery
The Seller shall deliver the goods to the Buyer on or before [Insert delivery date]. Delivery shall be made to [Insert delivery address].
4. Warranties and Guarantees
The Seller warrants that the goods described in section 1 are in good working order and free from defects. The Seller further guarantees that the goods will function properly for a period of [Insert warranty period, such as 30 days] from the date of delivery.
5. Acceptance
The Buyer shall inspect the goods upon delivery and shall have [Insert acceptance period, such as 24 hours] to notify the Seller of any defects or problems. If the Buyer fails to notify the Seller within this period, the goods shall be deemed accepted.
6. Limitation of Liability
The Seller shall not be liable for any indirect, special, or consequential damages arising from the sale of the goods described in section 1.
7. Governing Law
This agreement shall be governed by the laws of [Insert governing law, such as the state or country where the sale takes place].
8. Entire Agreement
This agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements, whether written or oral.
9. Signatures
By signing below, the parties acknowledge that they have read and understood the terms of this agreement and agree to be bound by them.
[Insert signature lines for both Seller and Buyer]
This buyer agreement sample is just one example of what a buyer agreement might contain. The specific terms and conditions will vary depending on the goods being sold and the preferences of the parties involved. However, by understanding the basics of a buyer agreement, you can better protect yourself when making a purchase and ensure that both you and the seller are on the same page.