A sale of goods agreement is used by individuals and businesses to record the important terms of a sales contract, including delivery and shipment details. It is a legally binding contract between the buyer and seller that will ensure each party holds up its end of the bargain.
The agreement allows you to specify the goods promised, the purchase price, the payment method, the delivery and shipment instructions, and more. If the goods are delivered late or have other problems, the sale of goods agreement will make sure the buyer will be compensated for any losses. The parties will typically then sign a bill of sale to evidence the transfer of title at the time of delivery.
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