Get the Best Free Blank Purchase Agreement Form
Get the Best Free Blank Purchase Agreement Form
A purchase agreement is the final negotiation stage between a buyer and a seller. That’s why creating a comprehensive purchase agreement is imperative when it comes to closing business deals.
But what happens if you can’t afford expensive legal services? Can you rely on a free blank purchase agreement form to meet all necessary legal requirements?
DoNotPay will explain where to find a free blank purchase agreement form and teach you how to recognize reliable contract templates !
What Are the Most Important Elements of a Purchase Agreement?
Before any large purchase, the seller and buyer need to negotiate the price and terms of the transaction. The purchase agreement has to be created and signed before the exchange of money or property, as opposed to the bill of sale , which you can get after the transaction.
A valid purchase agreement needs to outline the crucial aspects of the transaction, including the:
- Seller — A person who owns the property and intends to sell it
- Buyer — A person who will become the new owner
- Property —The description of the property in question
- Price — The amount the buyer will pay for the property
- Payment —The date and payment method for buying the property
A purchase agreement has to meet your state’s legal requirements, so check local laws for precise information.
How To Choose a Free Blank Purchase Agreement Form
One way to get a purchase agreement form is to download an online template. If you type in the required keyword in your web browser, you will see an array of purchase agreement templates. To a layman, they all seem legit, so deciding on one can be quite a challenge.
The issue with online purchase agreement templates is that they are generic. You can apply a couple of tricks to find the proper form. Take a look at the table below for more details:
You shouldn’t use blank forms because they are tricky to fill out if you have no legal expertise. It is safer and easier to rely on templates with pre-included mandatory sections. The best option would be to have a lawyer look over your first draft. That way, the price of legal services will be lower, and you will have a confirmation that all legalities are in place.
Necessary Sections of a Reliable Purchase Agreement Form
A well-written purchase agreement ensures that both parties are aware of their responsibilities and helps avoid potential misunderstandings.
Here are the sections a well-drafted purchase agreement needs to include :
- Execution provision — Details the structure of the deal and the payment form
- Representations and warranties — Outlines the item being sold and details of the seller’s proof of ownership
- Covenants — Describes the agreement between the buyer and the seller regarding the item
- Conditions to closing — Details the criteria both parties have to meet before closing the transaction
- Termination provisions — Describes conditions of terminating the agreement
- Break up fees — Outlines the fee that the involved party must pay if they back out of the transaction
Which Purchase Agreement Forms Should You Download?
The transaction type dictates what purchase agreement form you should be looking for. Make sure to enter a specific keyword when searching for a template. You can choose some of the following purchase agreements:
Need To Create Other Legal Documents? DoNotPay Can Help!
While purchase agreement forms are relatively easy to find and customize, other contracts require more expertise.
If you find legal services too expensive and don’t feel confident writing a contract yourself , we can take that burden off your back! Our Standardized Legal Documents tool can generate numerous contracts for you at an affordable price.
We use the info you provide to create a personalized document meeting all legal requirements. To access our service, you should:
-
in a web browser
- Enter the name of the document in the Search bar
- Answer a few questions to help us customize the agreement
- Wait for the agreement to arrive
That is not all! By subscribing to our app, you can access other services at a modest monthly price . DoNotPay’s features integrate perfectly to improve your experience. You can use our app to create, notarize, and fax various documents from the same platform!
Here is an ever-growing list of legal documents we can generate for you:
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