With the contract of sale, the seller undertakes the obligation to transfer to the buyer an item and make available transfer of ownership to the buyer, the buyer in turn, undertakes the obligation to pay to the seller the purchase price of the item in money and accept the item.

What should definitely be agreed on in the contract of sale?
The contract of sale should definitely set forth the object of the contract, i.e. what is being sold, the price of the goods, how the goods will be transferred, liability for the breach of contract and how disputes will be settled.

In which cases can this contract template be used?
It is meant for cases when the contract serves to regulate any of the following conditions:

• Request advance payment;
• The buyer’s right to withdraw from the contract and the consequences thereof if an advance payment has been made;
• Transporting of the item of sale to the buyer, payment of the transport costs;
• Clarifying the quality of goods and consequences of supplying substandard goods;
• Opportunity of the seller to change the sales price if caused by the manufacturer’s price increase and its consequences for the buyer;
• The right of a third person to sign the instrument of delivery and receipt;
• The seller’s right to refuse to deliver goods if the buyer has any previous outstanding debts to the seller;
• Agreements on the applicable law;
• Conditions related to force majeure.