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State of ____________

Rev. 1399ECD

PURCHASE AGREEMENT

WHEREAS, Seller owns certain items of Property, as defined below, and Seller desires to sell such Property under the terms and conditions set forth in this Agreement; and

WHEREAS, Buyer desires to purchase the Property offered for sale by Seller under the terms and conditions set forth in this Agreement.

NOW THEREFORE, in consideration of the mutual promises and for other good and valuable consideration exchanged by the Parties as set forth in this Agreement, the Parties, intending to be legally bound, hereby mutually agrees as follows:

Sale of Property.Seller agrees to sell, transfer and assign, and Buyer agrees to purchase, the personal property described below (the “Property”):

• _____________________________________________________________________________
Purchase Price. Buyer will pay to Seller for the Property and for all obligations specified in this Agreement, if any, as the full and complete purchase price including any applicable sales tax, the sum of $____________ USD (the “Purchase Price”).
Payment.Payment of the Purchase Price will be made by Buyer to Seller by the following methods:
by according to the following schedule:
previously paid by Buyer.
upon the execution of this agreement.
Taxes.Buyer will be responsible for filing all required sales and use tax returns in connection with the transfer of the Property. Buyer will also pay all required sales and use taxes and any other transfer costs and expenses that arise as a result of the transfer of the Property. Seller will pay all personal property taxes associated with ownership of the Property and accrued for the period ending on the Effective Date and Buyer will pay all such personal property taxes that accrue thereafter.
Delivery. Buyer will be entitled to take possession of the Property on the ____ day of _________, 20___. If delivery is to be made at a date after the Effective Date, it is Seller’s duty to ensure the Property is delivered in the same condition as when last inspected by Buyer.
Seller’s Representations. Seller represents and warrants that he/she has good and marketable title to the Property and full authority to sell the Property. Seller also represents that the Property is sold free and clear of all liens, indebtedness, or liabilities. Buyer may request a Bill of Sale from the Seller for the Property. Seller makes no other representations or warranties concerning the Property, which is being sold and assigned “as is,” and without any warranty of merchantability or fitness for a particular purpose. Seller expressly disclaims any representations or warranties as to the value, condition, or functionality of the Property or its suitability for any particular purpose and Buyer will have no recourse against Seller for the Property.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of ____________ ____________, without giving effect to the conflict of laws principles thereof.
Miscellaneous. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, successors and assigns. The provisions of this Agreement are severable. If any provision is held to be invalid or unenforceable, it shall not affect the validity or enforceability of any other provision. The section headings herein are for reference purposes only and shall not otherwise affect the meaning, construction or interpretation of any provision of this Agreement. This Agreement constitutes the entire agreement between the Parties and supersedes any and all prior oral or written agreements or understandings between the Parties concerning the subject matter of this Agreement. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together, shall constitute one and the same document.
Disputes. Any dispute arising from this Agreement shall be resolved through:

- Mediation.

IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the Effective Date.

SIGNATURES

_______________________________ Seller Signature	_______________________________ Seller Full Name
_______________________________ Seller Signature	_______________________________ Seller Full Name
_______________________________ Seller Signature	_______________________________ Seller Full Name
_______________________________ Buyer Signature	_______________________________ Buyer Full Name
_______________________________ Buyer Signature	_______________________________ Buyer Full Name
_______________________________ Buyer Signature	_______________________________ Buyer Full Name

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State of ____________

Rev. 1399ECD

PURCHASE AGREEMENT

This Purchase Agreement (this “Agreement”) is entered into as of the ____ day of _______________, 20___, (the “Effective Date”) by and between __________________________ located at _______________, _______________, _______________, _______________ This Purchase Agreement (this “Agreement”) is entered into as of the ____ day of _______________, 20___, (the “Effective Date”) by and between __________________________ located at _______________, _______________, _______________, _______________ (“Seller”) and ______________ located at _______________, _______________, _______________, _______________ (“Buyer”). Each Seller and Buyer may be referred to in this Agreement individually as a “Party” and collectively as the “Parties.”

WHEREAS, Seller owns certain items of Property, as defined below, and Seller desires to sell such Property under the terms and conditions set forth in this Agreement; and

WHEREAS, Buyer desires to purchase the Property offered for sale by Seller under the terms and conditions set forth in this Agreement.

Sale of Property.Seller agrees to sell, transfer and assign, and Buyer agrees to purchase, the personal property described below (the “Property”):

• _____________________________________________________________________________
Purchase Price. Buyer will pay to Seller for the Property and for all obligations specified in this Agreement, if any, as the full and complete purchase price including any applicable sales tax, the sum of $____________ USD (the “Purchase Price”).
Payment.Payment of the Purchase Price will be made by Buyer to Seller by the following methods:
by according to the following schedule:
previously paid by Buyer.
upon the execution of this agreement.
Taxes.Buyer will be responsible for filing all required sales and use tax returns in connection with the transfer of the Property. Buyer will also pay all required sales and use taxes and any other transfer costs and expenses that arise as a result of the transfer of the Property. Seller will pay all personal property taxes associated with ownership of the Property and accrued for the period ending on the Effective Date and Buyer will pay all such personal property taxes that accrue thereafter.
Delivery. Buyer will be entitled to take possession of the Property on the ____ day of _________, 20___. If delivery is to be made at a date after the Effective Date, it is Seller’s duty to ensure the Property is delivered in the same condition as when last inspected by Buyer.
Seller’s Representations. Seller represents and warrants that he/she has good and marketable title to the Property and full authority to sell the Property. Seller also represents that the Property is sold free and clear of all liens, indebtedness, or liabilities. Buyer may request a Bill of Sale from the Seller for the Property. Seller makes no other representations or warranties concerning the Property, which is being sold and assigned “as is,” and without any warranty of merchantability or fitness for a particular purpose. Seller expressly disclaims any representations or warranties as to the value, condition, or functionality of the Property or its suitability for any particular purpose and Buyer will have no recourse against Seller for the Property.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of ____________ ____________, without giving effect to the conflict of laws principles thereof.
Miscellaneous. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, successors and assigns. The provisions of this Agreement are severable. If any provision is held to be invalid or unenforceable, it shall not affect the validity or enforceability of any other provision. The section headings herein are for reference purposes only and shall not otherwise affect the meaning, construction or interpretation of any provision of this Agreement. This Agreement constitutes the entire agreement between the Parties and supersedes any and all prior oral or written agreements or understandings between the Parties concerning the subject matter of this Agreement. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together, shall constitute one and the same document.
Disputes. Any dispute arising from this Agreement shall be resolved through:

- Mediation.

IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the Effective Date.

SIGNATURES

_______________________________ Seller Signature	_______________________________ Seller Full Name
_______________________________ Seller Signature	_______________________________ Seller Full Name
_______________________________ Seller Signature	_______________________________ Seller Full Name
_______________________________ Buyer Signature	_______________________________ Buyer Full Name
_______________________________ Buyer Signature	_______________________________ Buyer Full Name
_______________________________ Buyer Signature	_______________________________ Buyer Full Name

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State of ____________

Rev. 1399ECD

PURCHASE AGREEMENT

WHEREAS, Seller owns certain items of Property, as defined below, and Seller desires to sell such Property under the terms and conditions set forth in this Agreement; and

WHEREAS, Buyer desires to purchase the Property offered for sale by Seller under the terms and conditions set forth in this Agreement.

Sale of Property.Seller agrees to sell, transfer and assign, and Buyer agrees to purchase, the personal property described below (the “Property”):

• _____________________________________________________________________________
Purchase Price. Buyer will pay to Seller for the Property and for all obligations specified in this Agreement, if any, as the full and complete purchase price including any applicable sales tax, the sum of $____________ USD (the “Purchase Price”).
Payment.Payment of the Purchase Price will be made by Buyer to Seller by the following methods:
by according to the following schedule:
previously paid by Buyer.
upon the execution of this agreement.
Taxes.Buyer will be responsible for filing all required sales and use tax returns in connection with the transfer of the Property. Buyer will also pay all required sales and use taxes and any other transfer costs and expenses that arise as a result of the transfer of the Property. Seller will pay all personal property taxes associated with ownership of the Property and accrued for the period ending on the Effective Date and Buyer will pay all such personal property taxes that accrue thereafter.
Delivery. Buyer will be entitled to take possession of the Property on the ____ day of _________, 20___. If delivery is to be made at a date after the Effective Date, it is Seller’s duty to ensure the Property is delivered in the same condition as when last inspected by Buyer.
Seller’s Representations. Seller represents and warrants that he/she has good and marketable title to the Property and full authority to sell the Property. Seller also represents that the Property is sold free and clear of all liens, indebtedness, or liabilities. Buyer may request a Bill of Sale from the Seller for the Property. Seller makes no other representations or warranties concerning the Property, which is being sold and assigned “as is,” and without any warranty of merchantability or fitness for a particular purpose. Seller expressly disclaims any representations or warranties as to the value, condition, or functionality of the Property or its suitability for any particular purpose and Buyer will have no recourse against Seller for the Property.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of ____________ ____________, without giving effect to the conflict of laws principles thereof.
Miscellaneous. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, successors and assigns. The provisions of this Agreement are severable. If any provision is held to be invalid or unenforceable, it shall not affect the validity or enforceability of any other provision. The section headings herein are for reference purposes only and shall not otherwise affect the meaning, construction or interpretation of any provision of this Agreement. This Agreement constitutes the entire agreement between the Parties and supersedes any and all prior oral or written agreements or understandings between the Parties concerning the subject matter of this Agreement. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together, shall constitute one and the same document.
Disputes. Any dispute arising from this Agreement shall be resolved through:

- Mediation.

IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the Effective Date.

SIGNATURES

_______________________________ Seller Signature	_______________________________ Seller Full Name
_______________________________ Seller Signature	_______________________________ Seller Full Name
_______________________________ Seller Signature	_______________________________ Seller Full Name
_______________________________ Buyer Signature	_______________________________ Buyer Full Name
_______________________________ Buyer Signature	_______________________________ Buyer Full Name
_______________________________ Buyer Signature	_______________________________ Buyer Full Name

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1 What is a Purchase Agreement?
2 What is a Purchase Agreement used for?
3 Why should you use a Purchase Agreement form?
4 How to write a Purchase Agreement?
5 How to Fill Out a Purchase Agreement with PDFSimpli in Five Steps
6 Purchase Agreement Frequently Asked Questions
6.1 Is a Purchase Agreement the same as an offer?
6.2 Who prepares a Purchase Agreement?
6.3 Can I back out of a Purchase Agreement?

What is a Purchase Agreement?

A purchase agreement is a contract in which one party agrees to buy something from another party. The legal document also lays out the terms of the transaction. It is a legally binding agreement indicating that both parties will follow through on the sale and their relevant promises. Although it may be used for a variety of purchases, this type of agreement is most commonly used for relatively complex sales that may require an extended process to complete the transactions such as real estate or business purchases.

The purchase agreement is signed before the seller delivers the goods and before the purchaser pays for them. Part of the reason for this is to help protect each party from the other party backing out before the transaction is complete, especially if there is some investment necessary (due diligence, shipping etc.).

Using a purchase agreement can also give the two parties more flexibility about how the transactions will proceed. Whereas a bill of sale may be used when the goods and payment are exchanged at the same time, a purchase agreement may be used if the buyer is going to pay over time. Outside of commercial transactions, real estate is the field that most uses purchase agreements.

What is a Purchase Agreement used for?

You may use a purchase agreement for any transaction that the buyer and seller have agreed upon, especially if that transaction is a complicated one. For many people, the familiar form of a purchase agreement is used when buying or selling a home or other real estate. Many businesses use these agreements to lay out the terms for large or complicated orders, particularly those that may require some investment by either or both parties before the goods and payment are exchanged. Purchase agreements are also commonly used for transacting stocks or business assets when selling or buying a company.

Why should you use a Purchase Agreement form?

The most significant benefit of a purchase agreement is that it creates a legally binding contract between the two parties that the transaction will proceed. This can help to protect you from the other party backing out of the transaction, especially if it will be completed over an extended time. Some businesses use purchase agreements whenever they receive orders, regardless of complexity.

For the most part, the content of a purchase agreement is standard (other than the description of the transaction). Therefore, it is typically easiest to use a purchase agreement template rather than trying to write the terms yourself. This is especially true for businesses that regularly sign purchase agreements with customers. In this case, you may want to customize a purchase agreement template to fit your business. Then, you can continue to reuse the same template.

How to write a Purchase Agreement?

Writing a purchase agreement is relatively simple in most cases. The most complex parts of these agreements tend to be any warranties made by either party and any contingencies requested by the buyer. The following are some of the major elements of a purchase agreement:

Buyer and Seller:
The agreement must identify the involved parties (both buyer and seller). Typically, this should include names and addresses.
Description of Goods:
The document must include a description of the goods involved in the transaction. This can be anything from a business’ products to real estate to shares in a company.
Purchase Price:
Additionally, the agreement must clearly state the purchase price for the goods. It is a good idea to tabulate all the involved costs (such as taxes and any fees) into a simple total.
Payment Terms:
You should include how and when the payment will be made by the buyer. This can be in a lump sum or several installments. Additionally, you may want to include consequences for late payment such as interest and/or fees.
Delivery Terms:
Similarly, you should describe how the goods will be delivered. This should include a delivery date, where the delivery will be made and who is responsible for paying for it.
Signatures:
Both the buyer and the seller will need to sign the document. This type of agreement does not typically require notarization, so a simple signature page will suffice.

How to Fill Out a Purchase Agreement with PDFSimpli in Five Steps

1. Prepare:

Before beginning to write your purchase agreement, spend some time gathering the relevant information and agreeing on the basics of the terms. Ideally, both parties should have agreed in principle on the transaction before writing the agreement. This is often achieved through a purchase order or other communication such as making an offer on a purchase.
2. Choose Software:

Once you have the relevant information and have discussed the outline of the agreement, it is time to find a purchase agreement template. Choose software that will help you easily edit your template. PDFSimpli has an online editor that is great for producing PDF documents. You can save your work to the cloud and work from any device. It is especially helpful for businesses that intended to keep reusing the same template.
3. Fill Out or Edit the Purchase Agreement:

Open the template in the online editor and fill it out. You can also edit the terms as you go. By adding images, drawings and watermarks, you can include relevant details such as images of the asset(s) and lines for signatures. PDFSimpli makes it easy to edit and manage all your legal documents.
4. Review:

This is an important part of completing your transaction. So, it is a good idea to thoroughly review the agreement before signing it. Consider watermarking a draft them printing it out. This is a good way to keep the copies of the document organized. You can also review in the online editor.
5. Save, Download, Print or Send for Signature:

Finally, it is time for both parties to sign the document. You can add your signature online by uploading, drawing or typing it in PDFSimpli. Then, you can send it for a signature to the other party. Alternatively, you can print directly from the editor. If you prefer to save it for later, you can also download the document.

Purchase Agreement Frequently Asked Questions

No, a purchase agreement is typically signed after an offer has been made. The offer may take the form of a bid on a piece of real estate or a business. It may also be a purchase order submitted to the seller. Typically, the general terms of the transaction have been worked out by the time the parties sign a purchase agreement; the offer is part of the process of agreeing to the terms.

Depending on the type of transaction, either party can draw up the purchase agreement. This is often done by the seller for routine commercial transactions. If making a large, one-off purchase, the buyer may submit a proposed agreement. For real estate, the buyer’s agent typically drafts the real estate purchase agreement. However, this can depend on the rules of the jurisdiction that the real estate transaction is taking place in.

A purchase agreement is a legally binding document. Therefore, you cannot typically back out of the agreement without some consequences. In some cases, the other party may even be able to legally compel you to proceed with the transaction. However, most purchase agreements have some warranties and conditions. For example, your real estate purchase agreement may be contingent upon a home inspection or a financing contingency.

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