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Sale agreements and documents when buying tractor (long post)
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Posted by boondockjones on April 07, 2002 at 12:57:07 from (152.163.213.48):
I wondered how the rest of you handle setting up the terms of a sale. My son and I drove all over looking at different tractors before deciding on the H that he just got. We don't have a trailer to haul with, so we drove the car out to look them over and when we found one we liked put money down to hold it until we could pick it up. I'm no lawyer but I knew we needed something binding to describe what we were up to , so I wrote one up and printed a couple of copies on the computer. We both signed them and things worked out great with us getting the tractor home a few days later. I thought I'd share it with you in case it would be a help to any of you, or perhaps you would have thoughts on how to make it better. Here goes:
AGREEMENT FOR SALE OF TRACTOR
DOWNPAYMENT & BILL OF SALE FOR
FARMALL MODEL H
The two parties signed below have agreed on a sale price of___________ with a downpayment today of___________. The tractor is sold in an "as is" condition with no expressed warranty. The seller accepts downpayment and agrees to hold the tractor for the buyer until it can be picked up. The remainder of the money will change hands when the tractor is picked up at which time this document will become a bill of sale: signed_______________ date______________
seller
address__________________________________________ signed________________ date______________
buyer
address___________________________________________ Balance of _________ paid Date____________ Sale complete signature of seller_________________
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