A sales agreement may also be referred to as a sales contract, and is used when an individual or company (''Buyer'') purchases products or services from a seller (''Seller''). Such agreement usually include the purchase price, quantity of goods, plus delivery information, such as location and date of delivery.
The term length of the purchase may be included in the agreement, if the purchase is not a one-time arrangement. If the contract concerns food and perishables, the contract may have quality requirements that must be met. Payment terms such as when payment is due, how payment shall be made, and the method of payment are typically included in these documents.
For goods delivery, packaging types may be stipulated in the agreement as well as rights to inspection, plus who is responsible packing and delivery fees. A good faith deposit may be accepted prior to delivery, and if it exists, it will be mentioned in the document. Clauses regarding intellectual property, indemnification, warranties, taxes, and rights to termination may appear in the sales agreement.