This Purchase Agreement ("Agreement") took effect on (Date) (the "Effective Date") by and between [Seller.FirstName] [Seller.LastName] ("Seller") and [Buyer.FirstName] [Buyer.LastName] ("Buyer").
WHEREAS, the Seller owns certain assets as listed and described in Exhibit A (the "Assets"); and
WHEREAS, the Buyer desires to purchase the Assets from the Seller;
NOW, THEREFORE, by accepting the conditions outlined in this agreement, both parties are aware of the valuable consideration presented. The mutual covenants and agreements serve as the foundation for the shared understanding and commitment of both parties:
Open the Simple Purchase Agreement Template on PandaDoc’s website and review it. Fill in the required fields with relevant information, including names, the purchase price, and an asset description. Review the agreement again and make any necessary changes before finalizing and signing it.
Simple purchase agreements can be one-page documents or include more detailed sections on each aspect of a sale like in the given template. Feel free to include the clauses that are relevant to your deal.
This Agreement obligates the Seller to sell, transfer, convey, and deliver the product indicated to the Buyer under the conditions and provisions stated within. The Buyer agrees to purchase and gain from the Seller all the Assets described in Exhibit A.
You can divide the purchase price into different payment options. For example, the buyer can pay in installments, on signing, second on delivery, and the last payment within a certain period.
The purchase price of the Assets will be ( Purchase Price) dollars ($( Purchase Price) ), payable as follows:
(a) The Seller will receive (Amount) dollars ($(Amount)) upon execution of this Agreement by the Buyer;
(b) The Buyer will pay (Amount) dollars ($(Amount)) to the Seller upon delivery of the Assets to the Buyer; and
(c) The remaining balance of (Amount) dollars ($(Amount)) the Buyer is payable to the Seller within (Number of Days) days after the delivery of the Assets.