Sales Contract -- Lump-Sum Payment
- Product Details
- If you want to create a contract in which the buyer will pay in installments, use "Sales Contract (Installment Payments)."
- Note that a sales contract doesn't complete a sale -- for that, you'll need a "Bill of Sale for Goods."
If your business buys or sells goods for later delivery, you'll want to record the deal with a sales contract to minimize confusion and misunderstandings.
For instance, if you order six Macintosh computers for your ad agency, use a sales contract that sets forth the terms: the purchase price, delivery date, method of payment and so on.
This particular contract assumes the buyer will pay upon delivery, minus any down payment already paid.