Sales Agreement

Sales agreement refers to the contract which is entered into between two parties – the seller and the buyer. Primarily, this is intended to effect the terms and conditions, general and specific stipulations, as well as the duties and responsibilities of the parties.

In transacting and entering into a sales agreement, most of us take for granted the terms and conditions including the stipulations and limitations embodied in the sales contract. This is due to the fact a contract of sale is one the most commonly utilized, widely availed of and regularly entered into by almost anybody. Selling and buying is part of our day by day actions and way of life. Hence, the importance and magnitude of a sales agreement should not be taken lightly.

Sales agreement provides the binding force putting into effect the sellers’ obligations and the extent of his liability in cases of defects, irregularities and possible loss of the subject matter, claims for breach of express and implied warranties. Sales agreement likewise lays down the duties and responsibilities which have to be observed and complied with by the buyer.

Simply put, it provides specified bounds for the parties to observe and hold on to. It bears stressing that a contract of sale must be scrutinized by the parties in order to avoid protracted conflicts which may arise in the future. Hence, prudence dictates us to review and go over the sales contracts before concluding the sale. It is important to check the following: the price, the mode of payment, the terms and conditions, penalties, limitations on liability, warranties, waivers and disclaimers if any. For the protection of the parties to the sales agreement, we provide our legal services to assist, review, draft or finalize a contract with provisions and stipulations specially suited and tailored to each and every form of transactions.