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The Sale of Goods Agreement (Agreement) is a legal document used to specify the terms and conditions entered into between the Seller and the Buyer of the Goods. This Agreement can be used by either the Seller or Buyer to Buy or Sell any type of movable goods like furniture, electronics, building materials, etc.
For the purpose of selling any type of vehicle, we have a specific agreement named the Vehicle Sale Agreement on our website. Under that Agreement, specific conditions and details related to the vehicle can be included.
The Sale of Goods Agreement is different from that of the Supply Contract. Under the Supply Contract, both the supplier and buyer agree to purchase certain goods for a specific period for a fixed price and this may be an exclusive business relationship between the supplier and seller. Unlike the Sale of Goods Agreement is different from that of the Services Agreement. Under the Service Agreement, both the service provider and client agree to avail certain services from the service provider including construction services, consultancy services, BPO services, etc.
How to use this document?
This Agreement can be used by the Seller intending to sell the Goods or the Buyer intending to purchase the Goods. This Agreement includes the following important clauses:
To be a valid contract both the Seller and Buyer have to sign all copies of the agreement. The parties to the agreement should be legally eligible persons or entities to sign the contract. A contract with the following persons is not valid: a minor (below the age of 18 years), a person with unsound mind or intoxication. The state having jurisdiction over this agreement can be the state where the seller or buyer resides, or where the sale happens.
Along with the Witnesses have to duly sign this agreement and execute on a valid stamp paper as applicable in the concerned state of execution of this Agreement.
If the Goods are sold to an individual person for a non-commercial purpose (other than for self-employment) the Consumer Protection Act, 2019 will also be applicable.
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