These eight items are commonly included in most sales contracts:
Information about the buyer and seller: The basics: the names, addresses, and contact information for all concerned.
Description of goods or services: Here, accuracy counts. For physical products, include the model number, size, and weight along with the quantity purchased. For services, outline the scope of work and length of time needed to complete the project.
Price and payment schedule: Be transparent with your pricing. Include taxes, payment terms, and late fees or any other types of additional fees. You may also want to list the accepted methods of america phone number list payment and always include when to expect payment.
Delivery instructions: Include the name of the delivery company or service, where the product should be delivered, and the expected delivery date. Also, note who is responsible for the cost of delivery. Thorough contracts include clauses to address late or missing deliveries and any associated fees or penalties.
Warranty information: Before anything is written in a contract, there is an implied warranty about the quality of goods. This means that the sold product is guaranteed to work as claimed. An express warranty is a written agreement by the seller to offer repairs or replacement of a defective product within a specified time period.
Inspection period: Otherwise known as a refund or return policy, this allows a fixed time for the buyer to inspect the product and make sure that it meets expectations. This prevents a buyer from returning a product and demanding a refund months — or years — after purchase.