Sale of Goods Agreement (Short Form)
A Sale of Goods Agreement sets out the terms and conditions between the supplier of goods and the party that wants to purchase those goods, for a simple transaction.
(0 reviews)
Last updated December 20, 2024
Under 10 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
This document sets out the basic terms that should be included in an agreement to sell goods such as the description of the goods, purchase price, order methods and transfer of title in the goods. It is a legally binding contract that protects the interests of both the Seller and the Buyer throughout the terms of the transaction.
Important considerations
While the Sale of Goods Agreement provides a good framework as a simple contract, each agreement must be customised to reflect the requirements of the relevant seller and buyer. For example, matters such as the manner in which goods are ordered and delivered may vary depending on the internal policies and procedures of the Seller. Additionally, it should conform to the applicable legislation in each state and territory that govern the transactions involving sale of goods.
The Legal Risk Score of a Sale of Goods Agreement (Short Form) Template
Our legal team have marked this document as low risk considering:
- The agreement stipulates that ownership of the goods transfers immediately upon signing the agreement, which could be risky if the buyer has not yet inspected the goods or if delivery is delayed.
- The seller is required to deliver the goods by a specified deadline, which could pose a risk if there are unforeseen delays or issues in logistics that prevent timely delivery.
- The buyer's ability to return the goods is limited, as returns are only permissible with the seller's reasonable consent, potentially leaving the buyer with unwanted goods if the seller refuses consent.
Sale of Goods Agreement (Short Form) Checklist
Complete your free Sale of Goods Agreement (Short Form) with our checklist
Verify Payment Details:
Ensure that the payment has been made as stated and includes all charges like GST, packaging, and delivery as specified in the agreement.
Confirm Delivery Arrangements:
Check that the delivery location and timeline are clearly specified and agreed upon, ensuring the goods are delivered within the stipulated timeframe.
Document Title Transfer:
Secure documentation that confirms the transfer of title of the goods on the date of the agreement to avoid any future disputes regarding ownership.
Review Return Policy:
Understand and confirm the conditions under which the goods can be returned, ensuring that the seller’s consent is reasonably obtainable in case the goods need to be returned.
Use this Sale of Goods Agreement document If:
- You are a Seller who would like to supply or sell goods to your customers.
- You are a Buyer who would like to purchase goods.
What does this Sale of Goods Agreement document cover?
- Buyer and seller details
- Agreement to buy and sell
- Delivery of orders
- Payment
- Passing of title
- Passing of risk
Further Information:
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