Definition
A legal agreement detailing a sale of property, including price and terms.
Purchase Agreement...
- Is used to buy or sell almost anything, including: vehicles, furniture, assets, equipment, and personal property.
- Is used to detail any warranty that may be included with the purchase.
- Can also be used as a record and receipt of purchase.
Either a Bill of Sale or a Purchase Agreement is required for the sale or purchase of goods with a value greater than $500.
Note: The Purchase Agreement form is not meant for the sale of real estate, stocks, or shares.
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Purchase Agreement
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