About the Purchase Agreement Generator
Purchase Agreement Generator writes a contract for a sale that will be completed later: the buyer and seller agree now, and the goods change hands after payment and delivery. Enter the two parties, the goods, the total price, an optional deposit and the dates for the balance and delivery. The page adds clear clauses for price, delivery and when ownership passes, an optional inspection period, the seller's promise that they own the goods, what happens if either side fails to keep the deal, governing law and signature lines. The balance is worked out for you and the price is also written in words. Download the result as a PDF or text file, or copy the text. It runs in your browser and uploads nothing. If the goods are handed over and paid for immediately, a bill of sale is the simpler document. This is a general template, not legal advice, and big purchases, property or business sales deserve a lawyer's review.
Updated September 2026
How to use the Purchase Agreement Generator
- 1Enter the seller and buyer names, the date and a description of the goods with their quantity.
- 2Type the total price, then a deposit, the balance due date and the delivery date if you have them.
- 3Choose the inspection period, when ownership passes, and whether a missed delivery means a refund.
- 4Enter the governing law, read the agreement, and choose Download PDF to print and sign.
Purchase agreement or bill of sale?
Use a purchase agreement when the deal is made first and finished later, for example when a buyer pays a deposit for furniture that will be built, equipment that will be shipped, or a second-hand machine that will be collected next month. Use a Bill of Sale Generator when the item is paid for and handed over on the spot. Many people use both: the purchase agreement for the promise, and a bill of sale on the day of transfer.
Deposits and the balance
A deposit shows the buyer is serious and gives the seller some security. Type it as an amount, not a percentage, and the page subtracts it from the total to show the balance in the agreement. The deposit must be smaller than the price. Decide together what happens to it if the deal fails: this template lets the buyer cancel and get a refund when the seller fails to deliver, and lets the seller cancel after a written warning when the buyer fails to pay the balance.
Delivery, risk and inspection
- Risk on delivery means that if the goods are damaged in transit, the seller carries the loss. This is the usual choice and fair to buyers.
- Risk on full payment leaves the goods with the seller's responsibility until the price is paid in full.
- An inspection period of a few days gives the buyer time to check the goods against the description. After it passes, the goods count as accepted.
- Write the delivery terms in plain words: who delivers, to which address, and who pays for shipping.
Before you sign
Make the description of the goods precise, with models, sizes and quantities, because a disagreement later usually starts there. Check the amounts and dates against your messages. Each side keeps a signed copy. The template does not cover real estate, vehicles that need registration transfer, regulated goods or businesses, and local law may add rights that cannot be removed by an agreement. Once the terms are agreed, add a clear price in words with Number to Words, and sign the finished file with Sign PDF.
Features
- Price in figures and in words, in ten currencies
- Deposit with automatic balance calculation
- Delivery date and terms, and ownership on delivery or on payment
- Optional inspection period from 1 to 30 days
- Refund and cancellation clauses
- Signature lines for both sides
- PDF, text file or copy; nothing is uploaded
Frequently asked questions
What is a purchase agreement?
It is a written contract in which a seller agrees to sell and a buyer agrees to buy something on agreed terms. It sets out the goods, the price, the payment and delivery plan and what happens if someone does not keep the deal.
How is it different from a bill of sale?
A purchase agreement covers a sale that will be completed later, with promises about future payment and delivery. A bill of sale records a sale that has already happened. You can use a purchase agreement first and a bill of sale when the item changes hands.
Can I include a deposit?
Yes. Enter the deposit and the page shows the balance, which you can give a due date. The deposit must be less than the total price.
What does the inspection period do?
It gives the buyer a set number of days after delivery to check the goods and tell the seller in writing if they are wrong or damaged. The seller then repairs, replaces or refunds. Set it to 0 to leave the clause out.
Who carries the risk if the goods are damaged?
You choose. Risk on delivery means the seller is responsible until the goods arrive. Risk on full payment keeps it with the seller until the price is fully paid.
Can I use it to buy a house or a business?
No. Real estate and business sales need much more detailed contracts and often formal steps such as registration. This template is meant for goods like equipment, furniture, stock or other items.
Is the agreement stored anywhere?
No. It is written and turned into a PDF in your browser, and nothing is sent to a server or saved after you leave the page.