Purchase Agreement Letter

Whenever you purchase a valuable commodity you should, for your own benefit, consider a formal purchase agreement letter. Such a letter lists all the details of the purchase along with a description of the items and the exact amount agreed upon.

Not only will this come in handy in case there is a dispute, it will serve as a reference for future dealings regarding the same subject matter.

In this guide we will show you how to write a purchase agreement letter along with a couple of samples and a template for your convenience.

Tips for Writing a Purchase Agreement Letter

Facts, figures, descriptions and stats are important here
Double check everything before you send the letter
Include the names of all parties involved in the transaction
State any express conditions for future reference
Sign the letter

Instructions

1

Sample of a Purchase Agreement Letter #1

I, George Bush s/o Patrick Bush, living at Southampton Villas Carrow Road, New England, London 2348, have reached a mutual with Mathew Symonds s/o Gayle Stein, living at Surrey town, Liverpool, Anfield 2348.

I, Bush, have paid 10,000 pounds to Mathew for the purchase of Toyota Corolla, colour – white, chassis # 298535E9859, engine # 34973-35535, model # 2007 and registration # E74837UK.

I have made full payment to the other party in cash and will now owner of the vehicle from May 15th, 2013.

I will not pay for any mishap and fine associated with the vehicle before this date. Meanwhile, Matthew has stated that he has paid the insurance of the vehicle until 2016.

I will have the right to take legal action against Matthew if he is found to have misrepresented any of the aforementioned facts.

Buyer: George Bush S/o Patrick Bush
Seller: Mathew Symonds S/o Gayle Stein

Witness # 1
Luis Suarez
NIC# 439543-4545

Witness # 2
Steven Gerrard
NIC# 845454-14343
2

Purchase Agreement Letter Sample #2

I, John Smith, s/o Smith Jenkins, have entered into a purchase agreement with Tony Maguire, s/o Jonathan Hess. I will be paying him $600 for his Dell Laptop model 7737, which he has used, as per his statement, for a period of 36 days.

Tony will be providing complete original accessories with the laptop, including the charger, carrying bag and it’s warranty card. At the time of this contract, the laptop was under 10 months 24 days of warranty

I will be inspecting the laptop in person for a period of 3 days from handing over and will reserve the right to revoke my offer and cancel this agreement if there is a major flaw in the laptop which was previously undisclosed.

Buyer: John Smith
Seller: Tony Maguire

Signatures
3

Template of Purchase Agreement Letter

I, (name and father name) bearing (Identification number) living at (address) have reached a mutual agreement with (name and father name), holder of (Identification number), living at (address).

As per the terms of our agreement, I will be purchasing (item being purchased) from (name of seller) at a price of (purchase price).

The other terms of the agreement include:

(Warranty if any)
(Responsibilities of parties)
(Possibility of claims)
(Any other terms of the agreement)

Buyer: (name and father name)
Seller: (name and father name)

Witness # 1
(Name)

Witness # 2
(Name)