Can this be signed electronically?

Yes. Electronic signatures are enforceable under the federal ESIGN Act (15 U.S.C. §7001) and state UETA statutes in most jurisdictions; confirm exceptions for wills or certain court filings.

Do I need a notary or witness?

Generally no for price-only agreements, but state rules or related instruments (deeds, powers of attorney) may require notarization or witnesses; check state notary statutes.

How do I correct an error after signing?

Amend by mutual written agreement signed by all parties or prepare a corrected addendum; include reference to the original agreement and execution dates to avoid ambiguity.

What authentication level is recommended?

Use at minimum email or SMS authentication; for high-value deals consider multi-factor or ID verification to strengthen attribution and reduce repudiation risk.

How long should I retain the signed agreement?

Retain per tax and industry rules—minimum 3 years for IRS purposes (IRC §6501(a)); 6 years for HIPAA-related records (45 CFR §164.530(j)).

Can a third party rely on the agreement for payment disputes?

Yes, a clear signed agreement is primary evidence of terms; third parties such as escrow agents or title companies commonly rely on executed price documents.

Electronic Signature
Templates
Finance
Sales Price Agreement

Sales Price Agreement

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

SALES PRICE AGREEMENT

This Sales Price Agreement (the Agreement) is made and entered into as of Effective Date: by and between Seller Name: and Buyer Name: . Agreement No.:

RECITALS

WHEREAS, Seller is engaged in the business of selling the goods described in Section 2 below; and WHEREAS, Buyer desires to purchase such goods on the terms and subject to the conditions set forth in this Agreement.

1. DEFINITIONS

"Goods" means the items described in the itemization table below. "Purchase Price" means the aggregate amount payable by Buyer to Seller under Section 3. Terms not otherwise defined have the meanings given in this Agreement.

2. DESCRIPTION OF GOODS AND QUANTITIES

The Goods to be sold and purchased under this Agreement are itemized as follows:

Description	Quantity	Unit Rate	Amount



Subtotal
Tax (specify rate below)
Shipping & Handling
Total Purchase Price

3. PRICE, TAXES AND ADJUSTMENTS

The Purchase Price for the Goods is as set forth in the Itemization table. Prices are exclusive of taxes unless otherwise stated. Buyer is responsible for all sales, use, value added, customs duties, and other taxes arising from the transaction, except for Seller's income taxes.

Price adjustments for changes requested by Buyer or changes in raw material costs will be effective only if agreed in writing by both parties. Any formula for escalation or indexation must be set forth in the Price Adjustment field below:

Price Adjustment / Escalation Terms

4. PAYMENT TERMS

Payment Terms: Buyer shall pay the Purchase Price in accordance with the following terms: Payment Due (days from invoice): days. Late payments shall incur interest at until paid.

Accepted Payment Methods

Wire transfer Check Credit Card Escrow (as agreed)

5. DELIVERY, TITLE AND RISK OF LOSS

Delivery Terms: Goods to be delivered to Delivery Location: . Title and risk of loss shall pass to Buyer upon , unless otherwise agreed in writing.

6. INSPECTION AND ACCEPTANCE

Buyer shall inspect the Goods within Acceptance Period (days): days after delivery. Buyer must provide written notice of any nonconformity within that period. Failure to timely provide notice constitutes acceptance.

7. WARRANTIES; DISCLAIMER

Seller warrants that at the time of delivery the Goods will materially conform to the specifications set forth in this Agreement and will be free from liens and encumbrances. EXCEPT AS EXPRESSLY SET FORTH IN THIS SECTION, SELLER MAKES NO OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

8. LIMITATION OF LIABILITY

Except for claims resulting from gross negligence or willful misconduct, each party's aggregate liability arising under or in connection with this Agreement shall not exceed the Total Purchase Price actually paid by Buyer to Seller under this Agreement.

9. DEFAULT AND REMEDIES

If Buyer fails to pay any amount when due, Seller may suspend performance and exercise all remedies available at law or in equity, including rejection of further deliveries and retention of any deposits. If Seller fails to perform, Buyer may seek specific performance or damages subject to the limitation in Section 8.

10. SECURITY INTEREST

To secure Buyer's payment obligations, Seller may retain a purchase money security interest in the Goods until full payment of the Purchase Price. Buyer agrees to execute financing statements and other documents reasonably requested by Seller to perfect and maintain such security interest.

11. CONFIDENTIALITY

Each party shall maintain the confidentiality of pricing, specifications, and other confidential information disclosed in connection with this Agreement and shall not disclose such information except as required by law or with the other party's prior written consent.

12. NOTICES

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses below by hand, certified mail, or overnight courier and shall be effective upon receipt.

Seller Contact for Notices Buyer Contact for Notices

13. GOVERNING LAW AND DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to conflict of law principles. The parties agree to attempt to resolve disputes by negotiation, and if unsuccessful, by binding arbitration unless otherwise mutually agreed in writing.

14. MISCELLANEOUS

Entire Agreement: This Agreement, together with any attachments, constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements. Amendments must be in writing and signed by authorized representatives of both parties.

Additional Terms & Conditions

Buyer

Printed Name:

By:

Date:

Seller

Printed Name:

By:

Date:

What a Sales Price Agreement Is and When It Applies

A Sales Price Agreement documents the agreed price, payment terms, and conditions for the sale of goods, services, or property between parties. It sets the exact dollar amount or pricing formula, identifies the buyer and seller, and records any deposits, contingencies, adjustments, or prorations that affect the final amount due. The agreement can be used as a standalone contract or as an exhibit to a broader purchase contract. Properly completed, it becomes an enforceable record of the parties' pricing intent and payment obligations.

Why a Clear Sales Price Agreement Matters

A precise Sales Price Agreement reduces disputes by fixing the payment amount, timeline, and allocation of costs. It clarifies contingencies and remedies, supports accounting and tax reporting, and provides evidence of agreed consideration if enforcement or audits are needed.

Typical Parties Who Use a Sales Price Agreement

Organizations and individuals use Sales Price Agreements to document negotiated prices and payment conditions before closing or delivery.

Small businesses and vendors negotiating one-off product or service sales with specified payment schedules.
Real estate brokers and buyers for property-price allocations, deposits, and prorations.
Procurement teams and finance departments formalizing purchase terms for contract administration.

The document suits any transaction where price precision and enforceable payment terms are required.

Essential Elements to Include in a Professional Sales Price Agreement

A complete Sales Price Agreement contains clear identification, price detail, payment schedule, adjustments, responsibilities, and dispute mechanics to ensure enforceability and operational clarity.

Parties

Full legal names and entity types of buyer and seller, including contact and billing addresses to avoid ambiguity in enforcement.

Price Detail

Exact dollar amount or a precise pricing formula, including currency, unit pricing, and any variable components tied to indices or milestones.

Payment Terms

Due dates, deposit amounts, installment schedule, accepted payment methods, and remedies for late payments or nondelivery.

Adjustments

Allowances for taxes, shipping, discounts, credits, prorations, inspection-based adjustments, and the process for calculating each.

Contingencies

Conditions precedent such as inspections, approvals, financing, or title clearance that pause or void the price obligation.

Signatures

Authorized signatories with printed names, titles, and dates; witness or notary blocks if jurisdiction or transaction type requires them.

Required Information and Key Fields

Buyer Name: Full legal name

Seller Name: Full legal name

Sale Price: Numeric amount

Effective Date: MM/DD/YYYY

Payment Terms: Due dates

Signatory Info: Name and title

Step-by-Step: Filling Out a Sales Price Agreement

Follow these steps in order to create a complete, enforceable document and reduce the need for later amendments.

01

Identify Parties: Enter legal names, addresses, and contact details for buyer and seller.
02

Set Price: Record the exact sale price or formula, including currency.
03

Define Terms: Specify payment schedule, deposits, and remedies for nonpayment.
04

Sign and Date: Collect signatures from authorized representatives and record dates.

Customize the Agreement for Online Completion

Configure fields and routing for an online workflow so each signer receives only relevant sections and the audit trail is preserved.

Field	Configuration
Price Field	Required, numeric validation
Payment Dates	Date picker, MM/DD/YYYY
Conditional Terms	Show only if contingency triggered
Signature Order	Sequential or parallel routing

Digital Signing and Platform Considerations

Choose an eSignature platform that supports the authentication, audit trail, and retention your transaction requires.

Authentication: Email, SMS, or advanced options
Audit Trail: Timestamps and IP logging
File Formats: PDF and DOCX supported

Ensure the platform can export a tamper-evident PDF with a complete certificate of completion and works with your document storage systems.

Where to Send or File the Completed Agreement

Routing depends on the transaction: internal records, counterparty, escrow agent, or public office for recorded instruments.

Counterparty: Send fully executed copy to buyer and seller
Escrow/Title: Deliver to escrow agent or title company if used
Accounting: Provide signed copy to accounts payable/receivable
Recordkeeping: Store original and electronic copies per retention policy

Common Timelines and Deadlines to Track

Track dates in the agreement to avoid missed payments, missed contingencies, or late filings that trigger penalties.

Effective Date:

Date obligations begin; typically when last party signs

Deposit Due Date:

Date buyer must deliver any earnest money or deposit

Final Payment/Closing:

Date on which full payment and transfer of goods or title occur

Inspection or Cure Period:

Window for objections or adjustments before closing

Record or Notice Deadlines:

Dates for any required filings or notice deliveries

Common Mistakes to Avoid When Preparing the Agreement

Using imprecise price language such as 'market rate' without a formula; causes later disputes over calculation.
Failing to specify currency and decimals; this can create rounding or exchange-rate ambiguity in cross-border deals.
Omitting authorized signer titles or lacking proof of signatory authority for an entity, which may invalidate the signature.
Neglecting to attach exhibits or schedules referenced in the price calculation, leaving essential terms undefined.

Penalties and Risks from an Incorrect or Missing Agreement

Breach Damages: Monetary liability

Tax Exposure: Incorrect reporting

Withholding Risk: Backup withholding triggers

Enforceability: Challenge to contract validity

Operational Delay: Delivery or closing hold

Reputational Harm: Customer relationship damage

How a Sales Price Agreement Differs From a Purchase Agreement

Compare core characteristics to determine whether a standalone Sales Price Agreement or a full Purchase Agreement is appropriate for your transaction.

Criteria	Sales Price Agreement	Purchase Agreement
Primary Focus	price and payment mechanics	broader rights, transfer, and obligations
Typical Length	short, price-focused	longer, covers warranties and transfer details
Use Case	when price needs separate documentation	complete asset or property transfer
Recording Need	usually not recorded	may require recording for real property

Sample eSignature Pricing Comparison Relevant to Sales Price Agreements

Platform costs and features affect how you collect and store signed Sales Price Agreements; signNow is listed first for comparison.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial	Varies by plan	Varies by plan	Varies by plan	Varies by plan
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes

Frequently Asked Questions About Sales Price Agreements

Answers to common questions about execution, electronic signing, corrections, and recordkeeping for Sales Price Agreements.

Need help? Contact support

Can this be signed electronically?
Yes. Electronic signatures are enforceable under the federal ESIGN Act (15 U.S.C. §7001) and state UETA statutes in most jurisdictions; confirm exceptions for wills or certain court filings.
Do I need a notary or witness?
Generally no for price-only agreements, but state rules or related instruments (deeds, powers of attorney) may require notarization or witnesses; check state notary statutes.
How do I correct an error after signing?
Amend by mutual written agreement signed by all parties or prepare a corrected addendum; include reference to the original agreement and execution dates to avoid ambiguity.
What authentication level is recommended?
Use at minimum email or SMS authentication; for high-value deals consider multi-factor or ID verification to strengthen attribution and reduce repudiation risk.
How long should I retain the signed agreement?
Retain per tax and industry rules—minimum 3 years for IRS purposes (IRC §6501(a)); 6 years for HIPAA-related records (45 CFR §164.530(j)).
Can a third party rely on the agreement for payment disputes?
Yes, a clear signed agreement is primary evidence of terms; third parties such as escrow agents or title companies commonly rely on executed price documents.

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