Free Purchase Agreement Templates (Word)
LegalTemplates
FAQ
Should I include a clause about my state’s lemon law requirements in a vehicle purchase agreement?
Yes, if the sale involves a used vehicle, add a clause that clarifies whether the seller is disclosing known defects and whether the buyer waives rights under the lemon law. This protects both parties by setting expectations upfront, though consult a local attorney to ensure compliance with your state’s specific consumer protection laws.
What’s the best way to handle payment terms if the buyer needs financing approval before closing?
Use a template with a financing contingency clause specifying a deadline for loan approval (e.g., 14 days) and what happens if the buyer can’t secure funding—like forfeiting the deposit or allowing the seller to sell to another party. Always pair this with a clear refund policy for the deposit.
Can I use one of these templates for a purchase agreement involving intellectual property, like buying a website’s domain and content?
While these templates cover physical assets and small businesses, intellectual property purchases require additional clauses about transfer of rights, usage restrictions, and indemnification. Start with a general purchase agreement, then consult a template specialized for IP or an attorney to address licensing, copyrights, and liability.
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