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A Sale of Goods Agreement is a contract between two parties governing the terms for the sale and purchase of goods.

A Sale of Goods Agreement defines the responsibilities of the buyer and the seller and establishes the terms on which a seller sells and transfers goods to a buyer.

A Sale of Goods Agreement also sets out the exact nature of the goods, as well as price and payment terms and what happens at the end of the contract.

  • Description of the goods and relevant taxes/duties;
  • Shipping or collection details;
  • Delivery time;
  • Price of goods, including taxes and duties;
  • Deadline for payments and interest on outstanding or late payments;
  • Deposit details;
  • Payment method;
  • Notification of defective goods;
  • Arrangements for unexpected delays; and
  • Situations in which either party may wish to terminate the arrangement early (with consideration given for what may constitute minor and major breaches of contract).

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