A sales contract is a formal written document where the owner of a particular product, service or idea sells it to another person for a sum of money. The document shall contain all the terms and conditions required in order to make the sale legal and valid. There are certain points which must be mentioned in a sales contract. The names and contact details of the parties involved should be written clearly, a description of the item sold and the number of units sold must be given, the date of creating the sales contract should be added and the sum for which the item has been sold must be written clearly.
Other points may be included like mode of payment, date of payment and any other special instructions to be followed. By having a systematic sales contract, conflicts between the buyer and the seller can be avoided in the future as the terms are clearly explained and agreed upon.
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