Drafting a Sale of Goods Contract
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What Is a Sale of Goods Contract?
A sale of goods contract governs the business relationship between a buyer and a seller of goods.
Does the Contract Have to Be in Writing?
It is always a good idea to write down the terms of your sales contract so that you have a written agreement in the event of a dispute. However, the law of most states requires that some sales of goods contracts be in writing and signed by the parties. Sales contracts that must be in writing include:
Contracts for over $500 worth of goods
Contracts that cannot be fully completed within one year
Items Usually Addressed in a Sales Contract
Quantity of Goods
Price per Unit (is the price subject to change?)
Warranties or Guarantees (or lack thereof)
How Can a Lawyer Help?
If you are drafting a sale of goods contract, a commercial law lawyer will help guide you through the complicated legal process to protect your legal rights. In the event that your contract has been breached, an attorney can help you get the remedy you deserve, and/or help protect you from unfair contract language.
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Last Modified: 09-26-2012 03:29 PM PDT
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