Purchase Agreement Templates

A purchase agreement is an agreement between buyer and seller against some consideration. This consideration can either be money or even the exchange of products. Buyer or seller both can approach each other and can settle down their demands by signing a Purchase Agreement. There can be more than two parties in this agreement base on the nature of the agreement.

A corporate firm or company may use a purchase agreement to get inventory on time and to save inventory costs. Similarly, supply chain base organizations can take maximum benefits from this kind of agreement. There can be many kinds of Purchase Agreement which you can see in the market. For your ease, I am writing a few of them;

Bulk Purchase Agreement: It is a special kind of agreement where buyers order a bulk quantity of inventory or stock from suppler. To save guard the interest and amount, they sign an agreement named Bulk Purchase Agreement. In this, supplier will bound in supplying as the determined amount in agreement to the buyer. All terms and conditions of this agreement are the same.

Partial Purchase Agreement: As name says, it is a purchase agreement where buyer can make a partial payment to get the commodities. Moreover, in order to stay economical and better usage of working capital, partial purchase agreement is best option.

Production Purchase Agreement: In this kind of purchase agreement, buyer is bound to purchase all production done by producer or manufacturer. It is usually use to get into new market and focus on low price.

On-Demand Purchase Agreement: In this kind of agreement, buyer will purchase inventory up to desire level. Once the demand is complete, buyer shall stop purchase. However, in dispute, seller may get benefit of good faith from court of law.

Credit Purchase Agreement: A credit purchase agreement is an agreement where, buyer shall purchase on credit term base on agreement. Seller shall receive payment after a certain time period and during this time period, the supply of inventory will continue to deliver.

Hire Purchase Agreement: In hire purchase agreement, buyer will pay for goods in installments. It can either be in months or in term of percentage. It is also called Installment plan agreement. The seller will remain the owner till the last payment.

Sample Templates: