Understanding Sales Agreements: Purpose and Key Clauses for Contracts

This Skill Bit talks about sales agreements outlining terms for buying/selling goods/services. They protect both parties, prevent disputes, and ensure clear understanding of the transaction. Sales agreements include essential clauses defining parties, goods/services, price, payment, delivery, warranties, risks, inspections, liability, intellectual property, governing law, termination, and dispute resolution.

Duration approx. 7 Min.

Tier: basics

A part of Essential Contract Types for Business Transactions course.