Simple Sale and Purchase Agreement for the purchase of items from Seller to Buyer. This simple form is drafted in favour of the Buyer / Purchaser.
The Buyer desires to purchase Items from the Seller, and Seller desires to sell Items to the Buyer pursuant to the terms and conditions set forth in this Agreement.
The Buyer shall not be deemed to have accepted the Items until it has a reasonable time to inspect them following delivery or collection as the case may be. The Buyer shall also have the right to reject the Items as though they had not been accepted for a reasonable time after any latent defect in the Items has become apparent. Where the Seller is not the manufacturer of the Items, the Seller shall endeavour to transfer to the Buyer the benefit of any warranty or guarantee given to the Seller.
Risk of damage to or loss of the Items shall pass to the Buyer upon the Buyer takes physical possession of the Items in accordance with the Contract. The property in the Items shall pass to the Buyer upon delivery, unless payment for the Goods has been agreed to be made prior to delivery, when it shall pass to the Buyer once payment has been made and the Goods have been appropriated to the Contract.
Both the Buyer's and Seller's information should be provided in this agreement, along with the description of the items and the mode of delivery.
The agreed price and schedule of payments should also be specified, as well as clearly describe the specifications of the items were to be provided by the Seller.
Both Parties should also provide the agreed Services, Price, Delivery and Payment in the agreement. If any, they may also specify the amount of damages per week the Buyer is to be entitled for late delivery.
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