Ƶ

Seller And Buyer Agreement for India

Seller And Buyer Agreement Template for India

A comprehensive legal document governed by Indian law that establishes the terms and conditions for the sale and purchase of goods or property between two parties. This agreement is structured in accordance with the Indian Contract Act, 1872, and the Sale of Goods Act, 1930, incorporating essential elements such as detailed product specifications, pricing terms, delivery conditions, warranties, and risk transfer provisions. The document ensures compliance with Indian regulatory requirements while providing a clear framework for the rights and obligations of both the seller and buyer throughout the transaction process.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Seller And Buyer Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Seller And Buyer Agreement?

The Seller and Buyer Agreement is a fundamental commercial document used in India to formalize sales transactions between parties. It is essential for both business-to-business and business-to-consumer transactions, providing legal protection under Indian jurisdiction through compliance with the Indian Contract Act, 1872, and the Sale of Goods Act, 1930. This agreement is particularly crucial when parties need to document specific terms of sale, payment conditions, delivery requirements, and warranty provisions. It helps prevent disputes by clearly defining each party's rights and obligations, incorporating necessary safeguards for both sellers and buyers, and establishing clear procedures for handling potential issues that may arise during the transaction. The document can be customized for various transaction types, from simple retail sales to complex industrial purchases, and includes provisions for modern business practices including digital commerce.

What sections should be included in a Seller And Buyer Agreement?

1. Parties: Identifies and provides full details of the seller and buyer, including legal names, addresses, and registration details if applicable

2. Background: Context of the transaction and brief description of the parties' intention to enter into a sale and purchase arrangement

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent ambiguity

4. Subject Matter of Sale: Detailed description of the goods/property being sold, including quantity, quality, and specifications

5. Purchase Price: States the agreed price, payment terms, method of payment, and any applicable taxes

6. Delivery Terms: Specifies delivery schedule, location, method, and responsibility for transportation costs

7. Title and Risk: Establishes when ownership transfers and who bears risk during different stages of the transaction

8. Warranties and Representations: Standard warranties from both parties regarding authority to contract and seller's warranties about the goods

9. Inspection and Acceptance: Process for inspecting goods and accepting or rejecting delivery

10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

11. Dispute Resolution: Mechanism for resolving disputes, including jurisdiction and governing law

12. Force Majeure: Circumstances under which non-performance may be excused

13. Notices: How formal communications between parties should be made and delivered

14. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability

What sections are optional to include in a Seller And Buyer Agreement?

1. Intellectual Property Rights: Required when the sale involves products with associated IP rights or licensing requirements

2. Confidentiality: Needed when sensitive information will be exchanged during the transaction

3. Insurance: Important for high-value goods or when specific insurance requirements exist

4. Export/Import Compliance: Required for international sales or goods subject to trade regulations

5. Quality Assurance: Necessary for technical or specialized products requiring specific quality standards

6. After-Sales Service: Include when maintenance, support, or warranty services are part of the deal

7. Return Policy: Important for retail sales or when return rights are being granted

8. Indemnification: Required for high-risk transactions or where specific indemnities are negotiated

What schedules should be included in a Seller And Buyer Agreement?

1. Schedule A - Product Specifications: Detailed technical specifications of the goods being sold

2. Schedule B - Pricing Structure: Detailed breakdown of prices, including any volume discounts or price adjustment mechanisms

3. Schedule C - Delivery Schedule: Detailed timeline for delivery, especially for multiple shipments or phased deliveries

4. Schedule D - Quality Standards: Specific quality parameters, testing procedures, and acceptance criteria

5. Schedule E - Warranty Terms: Detailed warranty terms, conditions, and claim procedures

6. Appendix 1 - Required Documents: List of documents required for the transaction (e.g., quality certificates, shipping documents)

7. Appendix 2 - Contact Details: List of key contacts from both parties for various aspects of the transaction

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Publisher

Ƶ

Document Type

Sales Contract

Sector

Sales

Cost

Free to use
Relevant legal definitions








































Clauses


































Relevant Industries

Retail

Manufacturing

Wholesale Trade

E-commerce

Real Estate

Automotive

Consumer Goods

Industrial Equipment

Technology

Agriculture

Pharmaceuticals

Construction

Textiles

Food and Beverage

Relevant Teams

Legal

Procurement

Sales

Finance

Operations

Compliance

Supply Chain

Commercial

Risk Management

Business Development

Contract Administration

Relevant Roles

Procurement Manager

Sales Manager

Commercial Director

Legal Counsel

Contract Administrator

Business Development Manager

Supply Chain Manager

Operations Manager

Chief Financial Officer

Vendor Relations Manager

Purchase Officer

Sales Director

Compliance Officer

Risk Manager

General Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Land For Sale Land Contract

An Indian law-governed agreement for the sale and transfer of land property, detailing terms of sale, property specifications, and transfer conditions.

Download

Deed Of Sale For Property

A legally binding document under Indian law that transfers property ownership from seller to buyer, requiring official registration and stamp duty payment.

Download

Contract Of Sale Of Immovable Property

An Indian law-governed agreement documenting the sale and transfer of immovable property between parties, requiring official registration.

Download

Agreement For Sale Of Flat In Co Operative Housing Society

An Indian legal agreement for the sale and transfer of flat ownership and membership rights in a cooperative housing society, compliant with Indian property and cooperative society laws.

Download

Agreement Between Buyer And Seller Of Goods

An Indian law-governed agreement establishing terms and conditions for the sale and purchase of goods between parties, aligned with the Sale of Goods Act and Contract Act.

Download

Sales Agreement Between Two Parties

An Indian law-governed agreement establishing terms and conditions for the sale of goods between two parties, ensuring legal compliance and protecting both parties' interests.

Download

Sale Agreement Of Immovable Property

An Indian law-compliant agreement documenting the terms and conditions for the sale and transfer of immovable property between parties.

Download

Contract To Sell

An Indian law-governed agreement establishing future sale obligations between parties, with terms for property/asset transfer and payment conditions.

Download

Farm Purchase Agreement

An Indian law-governed agreement for the purchase and sale of agricultural land, ensuring compliance with agricultural laws and land regulations.

Download

Sales Employee Contract

An Indian law-governed employment contract for sales professionals defining employment terms, compensation structure, and sales-related obligations.

Download

Harmless Agreement

An Indian law-governed agreement where one party agrees to protect another from liability for specific risks and losses, structured under the Indian Contract Act, 1872.

Download

For Sale By Owner Purchase Contract

An Indian legal document for direct property sales between seller and buyer without real estate agent involvement, compliant with Indian property laws.

Download

Form For Sale Of Vehicle

A standardized agreement for vehicle sale and ownership transfer in India, compliant with the Motor Vehicles Act and state regulations.

Download

Used Equipment Sales Agreement

An Indian law-governed agreement for the sale and purchase of used equipment, covering equipment condition, warranties, and transfer of ownership.

Download

Product Contract

An Indian law-governed agreement establishing terms and conditions for product sale and purchase, including specifications, pricing, and delivery terms.

Download

Business Buy Sell Agreement

An Indian law-governed agreement detailing terms and conditions for the sale and purchase of a business enterprise, including price, warranties, and completion mechanics.

Download

Vehicle Purchase Form

An Indian law-compliant document that formalizes vehicle purchase transactions and ownership transfer, adhering to the Motor Vehicles Act and state regulations.

Download

Lease To Purchase Contract

An Indian law-governed agreement combining property lease terms with a future purchase option, ensuring compliance with national and state property laws.

Download

Registered Lease Deed

A legally binding and registered document under Indian law that establishes the terms and conditions for leasing property between landlord and tenant.

Download

Deed Of Sale Condominium

A legal instrument under Indian law that transfers ownership of a condominium unit from seller to buyer, including rights to common areas and society membership.

Download

Definitive Purchase Agreement

An Indian law-governed agreement detailing the final terms and conditions for the purchase and sale of assets, goods, or business interests.

Download

Sales Agency Agreement

An Indian law-governed agreement establishing terms between a principal company and sales agent, including territory rights, commissions, and mutual obligations.

Download

Furniture Sale Agreement

An Indian law-governed agreement setting out terms and conditions for furniture sale and purchase, including specifications, pricing, delivery, and warranty terms.

Download

Sales Rep Contract

An Indian law-governed agreement establishing terms between a company and sales representative, covering appointment, duties, compensation, and obligations.

Download

Export Sale Contract

An Indian law-governed contract establishing terms for international sale and export of goods from India to foreign buyers, incorporating both domestic and international trade requirements.

Download

Deed Of Sale Motor Vehicle

An Indian law-compliant deed that documents the transfer of ownership of a motor vehicle between parties, including sale terms and vehicle specifications.

Download

Contract To Sell Motor Vehicle

An Indian law-compliant agreement for the sale and transfer of ownership of a motor vehicle, detailing vehicle specifications, price, and transfer terms.

Download

Sell By Owner Contract

An Indian legal document for direct property sales between seller and buyer without real estate agent involvement, governed by Indian property law.

Download

Restaurant Sale Agreement

An Indian law-governed agreement for the transfer of restaurant business ownership, covering all assets, licenses, and operational rights from seller to buyer.

Download

Manufactured Home Purchase Agreement

An Indian law-governed agreement for the purchase and sale of manufactured homes, covering sale terms, specifications, delivery, installation, and warranties.

Download

Deed Of Sale With Assume Balance

An Indian legal document facilitating property sale where the buyer assumes the seller's existing loan balance, governed by Indian property and contract laws.

Download

Deed Of Sale Of Motor Vehicle Form

An Indian legal document that formalizes the transfer of ownership of a motor vehicle between parties, complying with Motor Vehicles Act requirements.

Download

Buy Sell Agreement For Small Business

An Indian law-governed agreement detailing the terms and conditions for the sale and purchase of a small business, including all essential transaction elements and regulatory compliance requirements.

Download

Lease Option Property For Sale

An Indian law-governed agreement combining a property lease with an option to purchase, establishing terms for both leasing and the future sale of the property.

Download

Simple Land Sale Agreement Word Document

An Indian law-compliant agreement documenting the terms and conditions for the sale and transfer of land ownership between parties.

Download

Assignable Purchase And Sale Agreement

An Indian law-governed agreement for the sale and purchase of assets or property, featuring assignability rights for the purchaser.

Download

Conditional Sales Purchase Agreement

An Indian law-governed agreement establishing a conditional sale where the seller retains title until specified conditions are met by the purchaser.

Download

House For Sale On Contract

An Indian law-compliant agreement for the sale and purchase of residential property, detailing terms of transfer, payment, and obligations of parties involved.

Download

Agreement For Sale Without Possession

An Indian legal document facilitating property sale while allowing the seller to retain physical possession, governed by Indian property law.

Download

Flat Purchase Agreement

An Indian law-compliant agreement for the purchase and sale of residential flats/apartments, governed by RERA and property laws.

Download
See more related templates

ұԾ’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; ұԾ’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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it