Purchase agreement letter is an agreement between two parties regarding the purchase of a property, house or any other product in reference to the terms and conditions mentioned in the legal agreement letter. It is an essential document in any business. Purchase Agreement Letter serves as a confirmation of the business agreement with regard to the purchase. No matter what entity or asset you are selling or purchasing it must be governed by the purchase agreement letter.
The importance of such letter is that it gives a formal form for the conduct of businesses activity in its true form and merit. A purchase agreement letter should contain all the essential details like the terms and conditions of the merchandise, payment details, signature of buyer and seller, etc. The letter should be well drafted and it should serve as an essential document in case of any disparity or dispute. The provisions laid out in the letter should be in tune to the legal clauses existing in each province and country so that the uniformity of law is well maintained.
Tips To Write A Purchase Agreement Letter:
- The letter should be direct, simple and exclusive.
- The letter should clearly state all aspects of clauses and provisions.
- The letter should state the clauses from both sides.
- The role and duties of each party should be specified in it.
- The conditions laid out in the letter should be in tune with the legal clauses existing in each province and country.
- If you find it difficult to draft one for you, you should seek the legal help of some good professional who can help you out of this.
Template
Use our free Purchase Agreement Letter to help get you started.
From,
__________
__________
__________
__________
Date: _____ (Date on Which Letter is Written)
To,
__________
__________
__________
__________
Subject: Purchase Agreement Letter.
Dear Mr./Ms_______ [Name of recipient],
Kindly note that this letter is to give legal form to the agreement between me (seller)____(your name) and the buyer _____(buyer’s name) regarding the purchase of my house. The house and 20 cents of land that come up to the total value of Rs _____(mention the cost) in ____(location) has all legal work regarding it being done. If you feel that the letter adheres to the agreement, we mutually prepare this agreement letter to the sale of my home.
Hope you will get back to me very early
Thanking you.
Yours sincerely,
________
[Name and Signature]
Sample Letter
From,
Mr. Naresh Geode,
Sales Executive Department,
Johnson & Lever Ltd,
LBS Road,
Mulund.
February 26, 2017.
To,
Mr. Abigail Narayan,
Hauz Khas,
West Coast Gulf,
Mulund.
Subject: Purchase Agreement Letter.
Dear Mr. Abigail Narayan,
This is in line with the mutual talk held between us regarding the purchase of your house. The house and 10 cents of land that add to the total value of Rs 25, 00000 in the Thannimala Village in the Kochi, district have all the registration work done in the Kochi Corporation. The house is 20 years old and is more or less in good condition that need not have any extended work or renovation done. If you agree to the clause of the agreement, we mutually prepare this agreement letter to purchase your home.
As per the agreement, you are expected to give an advance of Rs one lakhs in this coming Monday, and the rest amount will be paid within November 2013. And moreover, all the documents related to the asset, value, ownership, debt-free status will be shown to you on the day that you hand over the token advance and the asset will be transferred to your name on the day of the final payment. Hope that the condition mentioned and drafted in this letter is clear. In case if you have any queries in this regard, please contact me.
If you feel that the letter adheres to the agreement, please sign in the space provided below to approve the content being drafted here.
Yours sincerely,
Thanking you,
Yours sincerely,
Naresh Geode.
Email Format
The following is the Email Format to be followed by a Purchase Agreement Letter.
To: name@email.com
From: name@email.com
Subject: Purchase Agreement Letter.
Dear Mr./Ms/Mrs.______(Name of the receiver),
Kindly note that this letter is to give legal form to the agreement between me (seller)____(your name) and the buyer _____(buyer’s name) regarding the purchase of my house. The house and 20 cents of land that come up to the total value of Rs _____(mention the cost) in ____(location) has all legal work regarding it being done. If you agree to the clause of the agreement, we mutually prepare this agreement letter to the sale of my home.
Hope you will get back to me very early
Thanking you.
Yours sincerely,
________
(your name)
Leave a Reply
You must be logged in to post a comment.