Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Sales Contract
"I need a sales contract for the sale of office equipment valued at £5,000, with a 10% deposit required upfront and the balance payable within 30 days of delivery. Include a warranty period of 12 months and specify delivery terms to London."
What is a Sales Contract?
A Sales Contract puts your buying and selling agreements into legally binding writing. It spells out exactly what's being sold, the price, and when the ownership changes hands - protecting both the buyer and seller under English contract law. This vital document covers everything from payment terms to delivery details, making sure everyone knows where they stand.
Beyond the basics, a good Sales Contract handles the practical bits like who's responsible if things go wrong, what happens if someone wants to back out, and any special conditions that need to be met before the sale goes through. It's especially important for business deals and high-value purchases, where you need crystal-clear proof of what was agreed.
When should you use a Sales Contract?
Use a Sales Contract any time you're selling goods or services worth more than £500, or when the deal involves complex terms or delivery schedules. It's especially crucial for business-to-business transactions, property sales, and situations where you need to protect intellectual property rights or include specific performance requirements.
A written Sales Contract becomes vital when dealing with international trade, custom-made items, or transactions that happen in stages. Having one in place helps prevent disputes, makes enforcement easier under English law, and gives you clear proof of what both parties agreed to. For regulated industries or high-value deals, it's an essential tool for managing risk and ensuring compliance.
What are the different types of Sales Contract?
- Sales Contract Form: Standard template for general goods and services, covering basic terms and conditions
- Deed Of Sale For Car: Specialized format for vehicle transfers, including registration and roadworthiness details
- Equine Sales Contract: Detailed agreement for horse sales, covering health, performance, and breeding rights
- Sales Commission Contract: Focuses on commission structures and performance targets for sales representatives
- Houses For Sale Contract For Deed: Property sale agreement with installment payments and conditional ownership transfer
Who should typically use a Sales Contract?
- Business Owners: Both large companies and small traders use Sales Contracts to protect their interests when selling goods or services
- Legal Professionals: Solicitors and in-house counsel draft and review contracts, ensuring compliance with English contract law
- Purchasing Managers: Review and negotiate terms on behalf of buying organizations, focusing on price, delivery, and quality standards
- Sales Teams: Work with standard Sales Contracts daily, customizing terms for specific customer needs
- Finance Directors: Oversee payment terms and financial obligations within contracts, managing risk exposure
- Industry Regulators: Monitor contract compliance in regulated sectors like financial services or construction
How do you write a Sales Contract?
- Party Details: Gather full legal names, addresses, and company registration numbers for all involved parties
- Sale Specifics: Document exact product descriptions, quantities, prices, and delivery terms
- Payment Terms: Define payment schedule, method, and any late payment penalties
- Timeline: Set clear dates for contract start, delivery, and completion
- Special Conditions: List any warranties, quality standards, or performance requirements
- Risk Management: Specify insurance requirements and who bears responsibility during transit
- Termination Rules: Include conditions for ending the contract and dispute resolution procedures
- Template Check: Use our platform to generate a legally-sound contract that includes all required elements
What should be included in a Sales Contract?
- Party Information: Full legal names, addresses, and contact details of buyer and seller
- Sale Description: Clear details of goods/services, quantities, and specifications
- Price Terms: Total cost, payment schedule, and currency
- Delivery Terms: Timing, location, and responsibility for transport costs
- Title Transfer: When ownership and risk pass from seller to buyer
- Warranties: Quality guarantees and fitness for purpose statements
- Termination Clause: Conditions for ending the agreement and consequences
- Governing Law: Explicit statement that English law applies
- Signatures: Space for dated signatures of authorized representatives
What's the difference between a Sales Contract and a Contract to Sell?
Sales Contracts differ significantly from a Contract to Sell, though they're often confused. While both deal with transactions, their timing and legal effects are quite different. A Sales Contract creates an immediate transfer of ownership when signed, while a Contract to Sell is a promise to transfer ownership at a future date, usually when certain conditions are met.
- Timing of Transfer: Sales Contracts transfer ownership immediately upon completion, while Contracts to Sell create future obligations
- Risk Transfer: In Sales Contracts, risk passes to the buyer immediately; in Contracts to Sell, the seller retains risk until the future transfer date
- Payment Structure: Sales Contracts typically involve immediate or short-term payment, while Contracts to Sell often include conditional payments or installments
- Legal Remedies: Sales Contracts allow immediate action for breach, whereas Contracts to Sell mainly provide damages for future non-performance
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.