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Sale of Goods Agreement
Sale of Goods Agreement
State of Florida
________, a Limited Liability Company, organized under the laws of the state of
Alabama, having its principal place of business at the following address:
________
and ________, a company, organized under the laws of the state of Alabama, having its
principal place of business at the following address:
________
Hereinafter, "Seller" will refer to and be used to describe the following party: ________.
"Buyer" will refer to and be used to describe the following party: ________. Seller and
Buyer may be referred to individually as "Party" and collectively as the "Parties."
RECITALS:
WHEREAS, Seller wishes to offer for sale a certain Good, as defined below;
Article 1 - SALE:
Seller hereby agrees to sell, and Buyer agrees to buy, the following:
Article 2 - PRICE:
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For the sale of the Good Buyer agrees to pay and Seller agrees to accept the following
amount: $________ (________) (the "Purchase Price"). This Purchase Price is
exclusive of any applicable taxes.
After the Deposit is paid and delivery of the Good is made effectively as described
below, Buyer will pay the remainder of the Purchase Price to Seller.
The Seller and the Buyer each acknowledge the sufficiency of the Purchase Price as
consideration. Unless otherwise explicitly agreed to by each of the parties, any sales tax
or other similar tax, such as use or excise tax applicable to the sale of the Good will be
paid by the Buyer, or the Buyer agrees to provide the Seller with a legitimate and
acceptable tax exemption certificate.
The Purchase Price will be paid in only one of the following methods of payment:
________
Unless the Parties have agreed otherwise through a written addendum to this
Agreement which has been duly executed, the Purchase Price will be due to the Seller
immediately upon receipt of the Good.
In the event that payment of the Purchase Price is late, Seller has the option to consider
Buyer in breach and terminate this Agreement in full.
Article 4 - DELIVERY:
The Good will be delivered from the Seller to the Buyer at the following date: ________.
The execution for delivery of the Good will be at Buyer's address, as listed at the head of
this Agreement.
Risk of loss for the Good will transfer from the Seller to the Buyer when Buyer receives
ownership of the Good through a duly executed bill of sale or when Buyer takes physical
possession of the Good.
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Time shall be of the essence for delivery of the Good and any if delivery is not made as
outlined within this Agreement, Seller shall be in breach of the Agreement.
Buyer and Seller each agree that the Good is being sold "as is" and that Seller hereby
expressly disclaims any and all warranties of quality, whether express or implied,
including but not limited the warranties of merchantability and fitness for a particular
purpose. Buyer acknowledges that it is relying solely on its own investigations,
inspections and/or examinations and has not been induced by the Seller or any of
Seller's agents or representatives making any statements as to the quality or condition
of the Good.
Article 8 - INSPECTION:
Buyer acknowledges that it has made a full investigation, inspection and/or examination
of the Good and that Seller has afforded Buyer ample opportunity for the same.
In no event will Seller's liability exceed the Purchase Price paid by the Buyer for any
cause of action or future claim. Buyer hereby acknowledges and agrees that Seller is
not liable for any special, indirect, consequential or punitive damages, including but not
limited to lost profits and/or loss of business, arising out of or relating to this Agreement
in any way.
Buyer hereby grants Seller a security interest in the Good until the full Purchase Price
has been received by the Seller. This security interest includes any proceeds, including
accounts receivable, obtained. If Seller requests, Buyer shall execute and deliver any
document required to perfect this security interest.
Title to the Good will remain with the Seller until the full Purchase Price is received and
Buyer is in actual physical possession of the Good or until Seller delivers a duly
executed bill of sale to the Buyer.
Article 11 - CLAIMS:
The Buyer's failure to give notice of any claim within 10 days from the date of delivery of
the Good will constitute complete and total acceptance of the Good and Buyer will
therefore waive any and all claims regarding or related to the Good.
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Article 12 - GENERAL PROVISIONS:
A) GOVERNING LAW: This Agreement shall be governed in all respects by the laws
of the state of Florida and any applicable federal law. Both Parties consent to
jurisdiction under the state and federal courts within the state of Florida. The Parties
agree that this choice of law, venue, and jurisdiction provision is not permissive, but
rather mandatory in nature.
E) NO WAIVER: None of the terms of this Agreement shall be deemed to have been
waived by any act or acquiescence of either Party. Only an additional written
agreement can constitute waiver of any of the terms of this Agreement between the
Parties. No waiver of any term or provision of this Agreement shall constitute a
waiver of any other term or provision or of the same provision on a future date.
Failure of either Party to enforce any term of this Agreement shall not constitute
waiver of such term or any other term.
H) HEADINGS: Headings to this Agreement are for convenience only and shall not
be construed to limit or otherwise affect the terms of this Agreement.
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J) FORCE MAJEURE/EXCUSE: Neither Party is liable to the other for any failure to
perform due to causes beyond its reasonable control including, but not limited to,
acts of God, acts of civil authorities, acts of military authorities, riots, embargoes,
acts of nature and natural disasters, and other acts which may be due to unforeseen
circumstances. Seller is not liable for any delivery delay or non-performance caused
by labor or transportation disputes or shortage, material delays, or delays or
nonperformance caused by any of Seller's suppliers. If Seller is unable to perform
for any reason within 30 (thirty) days after the expected date of delivery, Seller may
terminate this Agreement in full and provide a complete and total refund to Buyer of
any fees paid.
Notices sent as above shall be deemed to have been received 3 working days after
the day of posting (in the case of inland first-class mail), or 7 working days after the
date of posting (in the case of airmail).
In proving the giving of a notice it shall be sufficient to prove that the notice was left,
or that the envelope containing the notice was properly addressed and posted, as
the case may be.
EXECUTION:
Name: ________
Representative Name:________________________
Representative Title:_________________________
Date:_____________________________________
Name: ________
Representative Name:________________________
Representative Title:_________________________
Date:_____________________________________
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