A business contract template is a legally enforceable agreement between two or more parties engaged in a commercial transaction. It can be written or verbal, though a written business contract template is always recommended for clarity and legal protection.
Business contracts are used in nearly every industry. Anytime goods, services, or financial transactions are exchanged, a contract can help define expectations and safeguard interests. Here are common scenarios where business contract agreements are necessary:
In these situations, well-structured contracts for business ensure that all parties understand their obligations and liabilities. A business contract template can streamline the process, saving time and reducing legal risks.
Simple business contracts identify when the agreement is made and who the parties involved are.
This Business Contract for the sale of products/goods (the "Contract") is entered into on April 10, 2024 (the "Effective Date") by and between:
William Carter, an individual residing at 500 Oak Street, San Diego, CA, 92101 (the "Seller"), and
Emily Parker, an individual residing at 745 Maple Avenue, Austin, TX, 78701 (the "Buyer").
A printable business contract template specifies the agreement and how payments should be handled.
Product: 50 units of high-speed office printers
Model: Canon X500 Series
The total purchase price for the listed Object(s) is $25,000 (the "Purchase Price"). Payment shall be made as follows:
50% upfront payment upon contract signing
Remaining 50% upon delivery of the goods
A business agreement template specifies when and how the goods or services will be delivered.
The Seller shall deliver the goods to the Buyer on or before May 1, 2024.
The goods shall be delivered to the Buyer's address at 745 Maple Avenue, Austin, TX, 78701.
The Seller shall deliver the goods using the following method: UPS Freight Shipping. Both Parties must agree upon any changes to the delivery method in writing.
To avoid disputes, include in the business contract sample PDF terms regarding product inspection and defect handling.
The Buyer is entitled to inspect the delivered goods within 5 days of receipt.
If any discrepancies, defects, or damages are found, the Buyer must notify the Seller in writing.
If the goods are found to be defective or damaged, the Seller shall be responsible for the cost of return shipping and shall replace the defective goods within 10 days of receipt of the returned product.
For the business contract example to be legally binding, both parties must sign it.
THE BUYER
Emily Parker
745 Maple Avenue
Austin, TX, 78701
USA
THE SELLER
William Carter
500 Oak Street
San Diego, CA, 92101
USA