Assignment: Whether a party needs written permission to transfer its rights under the agreement to another party.
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Amendments: How to formally change the terms and provisions of the agreement.Governing law: Which state’s laws will control the enforcement and interpretation of the agreement.Dispute resolution: Whether disputes regarding the agreement will be resolved through mediation, arbitration, or through the courts.These additional elements can also be included: Risk of loss: Which party will be responsible for the costs if there is damage between the time the goods are shipped and the time the goods are delivered.Inspection: Whether the buyer has the right to inspect the goods within a specified period of time.Warranties: Whether the seller is selling the goods “as is” or will provide a warranty on the condition of the goods.
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(855) 335-9779 Monday-Friday, 9AM - 7PM EDTĪ Sales Agreement, also known as a Sale of Goods Agreement, is a written document between a buyer who wants to purchase goods and a seller who owns those goods and wants to sell them.