As you complete your purchase agreement, you will need to provide certain relevant information. This includes the names and addresses of the borrowers and lenders, repayment terms, delivery and shipment instructions, important deadlines, and any warranties.
Use the information you collected to complete the purchase agreement. We make this easy by guiding you each step of the way and helping you to customize your document to match your specific needs. The questions and information we present to you dynamically change depending on your answers and the state selected. Click below to get started.
It is always important to read your document thoroughly to ensure it matches your needs and is free of errors and omissions. After completing the questionnaire, you can make textual changes to your document by downloading it in Microsoft Word. If no changes are needed, you can simply download the PDF version and sign. These downloads are available by navigating to the Documents section of your account dashboard.
Although a notary and witness are not required in most jurisdictions, it is always a good idea to include them. When signing the document, be sure to follow any additional instructions related to signing and witnessing the document. Any such instructions will either be located next to the signature line or in the instructions attached at the end of the document.
When using a notary or other witness, you must wait to sign the document until they are present.
At a minimum, all parties that sign the document should receive a copy once it is fully executed (everyone has signed). Other interested parties may need or want copies as well. Be sure to store your copy in a safe location. It is a good idea to keep both a physical and electronic copy.
It is easy to forget the ins and outs of your purchase agreement. Periodically reviewing it will help you stay familiar with any responsibilities or requirements so that you can determine when it needs changes or additions.
Completing documents such as a loan agreement and promissory note may help offer additional protection. For example, a promissory note lays out the exact terms of repayment. For this reason, it is almost always used in conjunction with a purchase agreement. A loan agreement, if applicable, provides more extensive details and protections regarding repayment.
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