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Terms Of Sale Agreement Template for United States

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Key Requirements PROMPT example:

Terms Of Sale Agreement

"I need a Terms of Sale Agreement for my online electronics retail business that ships internationally, with specific focus on consumer protection and return policies for high-value items."

Document background
A Terms of Sale Agreement serves as the foundational contract for commercial transactions in the United States, governed by both federal and state laws. This document is essential when establishing a formal selling arrangement, whether for single transactions or ongoing business relationships. The agreement typically covers crucial aspects such as product specifications, pricing, payment terms, delivery conditions, warranties, and liability limitations. It ensures compliance with the Uniform Commercial Code and relevant consumer protection laws while providing clear guidelines for dispute resolution.
Suggested Sections

1. Parties: Identification and details of the seller and buyer

2. Background: Context of the sale agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Product Description: Detailed description of goods being sold

5. Price and Payment Terms: Pricing, payment methods, and payment schedule

6. Delivery Terms: Shipping, delivery timeframes, and risk transfer

7. Warranties: Product warranties and disclaimers

8. Term and Termination: Duration and termination conditions

Optional Sections

1. Return Policy: Terms for product returns and refunds - include for retail or consumer sales

2. Intellectual Property: IP rights and licenses - include when selling products with IP components

3. Data Protection: Privacy and data handling provisions - include when collecting customer data

4. Force Majeure: Provisions for unforeseen circumstances - include for long-term or high-value contracts

Suggested Schedules

1. Product Specifications: Detailed technical specifications of products

2. Price List: Detailed pricing information and volume discounts

3. Warranty Certificate: Detailed warranty terms and conditions

4. Service Level Agreement: Additional services included with the sale

Authors

Alex Denne

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

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Industries

Uniform Commercial Code (UCC): Primary law governing sales of goods, including Article 2 which covers contract formation, warranties, remedies, and transfer of title and risk of loss provisions

Federal Trade Commission (FTC) Regulations: Federal regulations governing fair and accurate product descriptions, pricing transparency, and consumer protection rules

Consumer Protection Laws: Including Magnuson-Moss Warranty Act and state-specific consumer protection statutes, governing warranties and consumer rights including cooling-off periods

E-Commerce Laws: Including E-SIGN Act and UETA, governing electronic transactions, digital signatures, and online privacy and security requirements

State-Specific Contract Laws: Local contract requirements including statute of frauds, state-specific warranty provisions, and local consumer protection regulations

Product Liability Laws: Laws governing warranty disclaimers, limitation of liability provisions, and product safety requirements

Data Protection and Privacy Laws: Including CCPA and other state privacy laws, governing the collection and handling of customer information

Payment Processing Regulations: Including Truth in Lending Act, Fair Credit Billing Act, and Electronic Fund Transfer Act, governing payment handling and processing

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

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