Purchase Agreement Template
A purchase agreement is the written record of a sale, setting out the price, the item, and the terms both sides accept before it changes hands.
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How to fill in a purchase agreement
Three steps take you from a blank page to a signed record.
Open the template
Open our purchase agreement template in your browser, with every field ready to complete.
Fill in the agreement
Add the buyer, seller, item, price, and terms of sale into the matching fields.
Download the agreement
Download the finished purchase agreement as a PDF ready to sign and keep.
What is a purchase agreement?
A purchase agreement is a written contract between a buyer and a seller that spells out exactly what is changing hands, for how much, and under what conditions. It covers everything from a printable purchase agreement for a single item to a business purchase agreement template used for a company sale, and it can start life as a blank purchase agreement that both parties fill in together. Once both parties sign, it becomes the reference point if a question about the sale ever comes up.
Key Takeaways
- A purchase agreement records a sale
- Names the buyer, seller, and item
- Signed copies protect both parties
What does a purchase agreement look like?
The document opens with the date and the names of the buyer and seller, followed by a description of what is being sold, whether that is a vehicle, a parcel of land, or business assets. Next come the price, payment method, and any conditions on the sale. It closes with signature lines for both parties and, where relevant, a witness.
What details does a purchase agreement need?
At minimum, a purchase agreement needs the full names of both parties, a clear description of the item or asset being sold, the agreed price, the payment terms, and the date of the sale. An asset purchase agreement template used for business dealings usually adds a list of included assets and any warranties. Leaving out a detail can make the terms harder to enforce later.
Does a purchase agreement need to be notarized?
Most purchase agreements, including a simple purchase agreement template Word users fill in for everyday sales, only need the signatures of both parties to take effect. Some transactions, particularly a real estate purchase agreement template, may require notarization or witnesses depending on local rules, so it is worth checking what applies to the specific sale before signing.
Can one purchase agreement cover multiple items?
Yes, a purchase agreement can list several items in one document as long as each one is clearly described with its own price or value. This is common with a vehicle purchase agreement template that includes accessories, or a purchase and sale agreement template covering multiple pieces of equipment sold together as a single deal.
Frequently asked questions
