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Sales and commercial

Purchase agreement template

Purchase agreement: A purchase agreement is a buyer-side contract to acquire goods or assets, setting price, conditions, delivery and what the seller promises about the items.

Last reviewed 6 November 2026 · 6 clauses · General guidance, not legal advice

Upload yours for a review and e-signature, or save it as a team template.

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When to use a purchase agreement

  • Buying business assets or equipment
  • Procurement of goods on the buyer’s terms
  • Buying a vehicle or other high-value item

Purchase agreement template: clause-by-clause outline

Sample starting wording for each clause. Replace the text in [brackets] with your details.

  1. Purchase

    The Buyer agrees to purchase [items or assets] from the Seller for [amount].

  2. Conditions

    Completion depends on [inspection, financing approval, regulatory consent] by [date].

  3. Deposit

    The Buyer will pay a deposit of [amount] on signing, refundable if a condition is not met.

  4. Completion

    On completion the Seller will deliver the items and documents of title, and the Buyer will pay the balance.

  5. Seller warranties

    The Seller warrants it owns the items free of any charge, lien or third-party claim.

  6. Remedies

    If the Seller breaches a warranty, the Buyer may claim a price reduction or damages.

What to check before you sign

  • Are the conditions and long-stop date clear?
  • Is the deposit refundable, and when?
  • Is clear title warranted?

Signing formalities: Contracts for the sale of land or buildings often need wet-ink signatures, notarisation or registration.

How to send a purchase agreement for e-signature

  1. Draft or upload it. Use the outline above with your own wording, upload an existing document, or save it as your organisation’s template.
  2. Check it against your playbook. Points outside your positions are flagged, and approval rules route it to Legal when needed.
  3. Send it by email. Signers get a plain-language review and a secure link, sign on any device in the order you set, and can suggest changes as tracked changes.
  4. Keep the signed PDF. Everyone receives it with a certificate of completion, and key dates go to Upcoming with reminders.

Purchase agreement template: frequently asked questions

What is the difference between a sales agreement and a purchase agreement?

They cover the same transaction. A purchase agreement is usually drafted from the buyer’s side, with stronger conditions and warranties.

Can real estate be bought under a template like this?

Property purchases usually need local forms, registration and sometimes notarisation, so use a local lawyer.

Is an electronically signed purchase agreement legally binding?

Often, but not always. Contracts for the sale of land or buildings often need wet-ink signatures, notarisation or registration. econtracts.ai shows the rules for the contract’s governing law before you send it.

Can I get a purchase agreement I received reviewed?

Yes. Upload it to econtracts.ai and you get a plain-language review: key dates, money and points to check, each quoting the clause it comes from.

Related contract templates

Sales agreement templateSales agreementLetter of intent templateLetter of intent (LOI)Supply agreement templateSupply agreement

This outline is a starting point for discussion, not legal advice, and it is not a complete contract. Laws differ by country and sector; have a qualified lawyer review contracts that matter.