Free Purchase Agreement Template
Finalize deals faster. Create, customize, and securely e-sign legally binding purchase agreements in minutes—not days.
What is a Purchase Agreement?
A Purchase Agreement is a legally binding contract that outlines the terms and conditions of a sale between a buyer and a seller. It formalizes the details of the transaction, protecting both parties by ensuring mutual understanding and commitment before any property or payment changes hands.
This document is essential for high-value transactions involving real estate, vehicles, business assets, or valuable goods. It specifies critical information like the purchase price, payment terms, closing date, and any contingencies that must be met for the sale to proceed. Using a standardized template ensures all crucial elements are covered, reducing the risk of future disputes.
Key Components of a Purchase Agreement
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Parties Involved: Full legal names and contact information for the buyer and seller.
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Description of Goods/Property: A detailed description of the item being sold, including serial numbers, addresses, or any unique identifiers.
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Purchase Price and Payment: The agreed-upon price, how it will be paid (lump sum, installments), and the payment schedule.
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Closing Date and Conditions: The date the sale will be finalized and any conditions (e.g., financing approval, inspections) that must be met beforehand.
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Representations and Warranties: Statements of fact from the seller about the condition and legal status of the property.
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Contingencies and Default Terms: Conditions under which either party can legally back out of the deal and the consequences if one party fails to meet their obligations.
Why Use eSignly for Your Purchase Agreements?
Move beyond unsecured Word documents and inefficient email chains. eSignly provides a secure, streamlined platform to create, send, and manage your most critical agreements with confidence.
Legally Binding
Create agreements with confidence. eSignly's eSignatures are compliant with the ESIGN Act and UETA, providing the same legal standing as a wet ink signature.
Bank-Grade Security
Protect your sensitive data. All documents are secured with enterprise-grade encryption, and our platform is compliant with SOC 2, ISO 27001, and PCI DSS.
Fully Customizable
Tailor your agreement to any transaction. Easily edit clauses, add custom fields, and save your modified version as a new template for future use.
Complete Audit Trail
Never question a document's history. We provide a comprehensive, court-admissible audit trail that tracks every action, from viewing to signing.
Accelerate Closing
Stop waiting for printers and scanners. Send your agreement and get it signed from any device in minutes, dramatically reducing your deal cycle time.
Automated Reminders
Keep your deals moving forward. The system automatically sends reminders to all parties who haven't signed, so you don't have to follow up manually.
Centralized Storage
Access your signed agreements anytime, anywhere. All completed documents are stored securely in your eSignly account for easy retrieval.
Mobile-Friendly
Sign on the go. Our platform is fully responsive, allowing all parties to review and sign documents from their smartphone or tablet with ease.
Start for Free
Experience the power of eSignly without commitment. Use our purchase agreement template and send documents for signature with our free plan.
Finalize Your Agreement in 3 Simple Steps
Our intuitive platform makes the entire process seamless, from creation to final signature.
Select & Customize
Choose the purchase agreement template. Easily add buyer/seller details, describe the asset, and adjust the terms to fit your specific transaction.
Add Signers & Send
Enter the names and email addresses of all parties. Drag and drop signature, initial, and date fields where needed, then click send.
Sign & Store Securely
All parties receive a secure link to review and sign the document on any device. Once complete, everyone gets a copy and the final agreement is stored in your account.
Adaptable for Any Transaction
Our purchase agreement template is versatile enough to be tailored for a wide range of sales scenarios.
Real Estate Purchase Agreement
Formalize the sale of residential or commercial property. This agreement is crucial for defining property details, purchase price, financing contingencies, inspection periods, and closing procedures. It provides a clear roadmap for one of life's biggest transactions, protecting both the buyer and the seller.
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Clearly define property boundaries and included fixtures.
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Set firm deadlines for mortgage approval and home inspections.
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Outline terms for earnest money deposits and conditions for forfeiture.
Asset Purchase Agreement (APA)
Use this when buying or selling specific assets of a business, rather than the entire company. This could include equipment, inventory, intellectual property, or customer lists. An APA allows the buyer to acquire key assets without taking on the seller's liabilities.
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List every asset being transferred with precise detail.
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Allocate the purchase price among different assets for tax purposes.
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Include non-compete and confidentiality clauses to protect business interests.
Purchase Agreement for Goods
Ideal for significant sales of personal property, such as vehicles, machinery, or bulk inventory. This agreement details the condition of the goods, delivery terms, warranties (or lack thereof), and the process for accepting or rejecting the items upon inspection.
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Specify quantity, quality, and condition of the goods being sold.
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Define shipping responsibilities and transfer of risk (FOB terms).
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Clearly state if the sale is "as-is" or includes specific warranties.
Trusted by Professionals Who Close Deals
See how eSignly is helping businesses like yours streamline their agreement workflows.
"eSignly has been a game-changer for our agency. We can now send out purchase agreements and get them signed the same day, even when clients are out of state. The audit trail gives everyone peace of mind. It's cut our paperwork time by at least 50%."
"Selling classic cars involves a lot of specific details. Using the eSignly purchase agreement template lets us standardize our sales process. It's professional, secure, and our customers find it incredibly easy to use. No more faxing or overnighting documents."
Frequently Asked Questions
Get answers to common questions about purchase agreements and using eSignly.
Is a purchase agreement legally binding without a lawyer?
Yes, a purchase agreement is a legally binding contract, and you don't necessarily need a lawyer to draft one, especially for straightforward transactions. However, the agreement must contain all essential elements of a contract (offer, acceptance, consideration, legality, and capacity) to be enforceable. Our templates are designed to include these elements. For complex or high-value transactions, consulting a lawyer is always recommended.
Can I use an electronic signature on a purchase agreement?
Absolutely. Electronic signatures are legally valid and enforceable in the United States under the federal ESIGN Act and the Uniform Electronic Transactions Act (UETA). eSignly provides secure, compliant eSignatures with a full audit trail, making them a reliable and efficient way to execute purchase agreements.
What happens if a party violates the purchase agreement?
If one party breaches the contract, the other party may have several legal remedies. These can include suing for monetary damages, demanding specific performance (forcing the party to complete the transaction), or terminating the agreement and keeping any deposits. The specific remedies available are typically outlined in the 'Remedies for Default' clause of the agreement itself.
How is a purchase agreement different from a bill of sale?
A purchase agreement is created *before* the goods or property are transferred. It outlines the terms and conditions of the future sale. A bill of sale is used *during or after* the transfer to officially document the change in ownership from the seller to the buyer. Think of the purchase agreement as the plan, and the bill of sale as the receipt.
Can I customize the eSignly purchase agreement template?
Yes, our templates are fully customizable. You can easily add or remove clauses, edit existing text, and insert specific details relevant to your transaction. You can also add custom fields for signers to fill out, ensuring you collect all necessary information in one seamless workflow.
Ready to Secure Your Next Deal?
Stop chasing signatures and start closing deals. Use our free purchase agreement template and discover a smarter way to manage your transactions.
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