How to draft a purchase agreementA Purchase Agreement • July 21st, 2023
Contract Type FiledJuly 21st, 2023A purchase agreement is a contract generally used in transactions where the buyer is purchasing goods instead of services. This type of contract is most common in more complex and more expensive transactions, such as purchasing real estate or large, specialized equipment. In contrast with a purchase order, which can be initiated by a buyer before any terms have been discussed, a purchase agreement for specialized equipment or other large orders is drafted once the buyer and seller have agreed on all terms and conditions of the purchase.