Standard Sales Contract Template for Businesses

A standard sales contract template for businesses helps ensure the rights and obligations of the parties involved in the transaction. This contract includes terms regarding the subject of the sale, pricing, payment methods, delivery time and location. Additionally, the template specifies warranty responsibilities, compensation for damages, and dispute resolution methods. Customers should pay attention to the legal aspects and compliance with current regulations when using this contract template. The following article provides a standard sales contract template and detailed guidance on its use.

Standard Sales Contract Template

Forms of Sales Contracts

According to Article 24 of the 2005 Commercial Law, sales contracts can take various forms. The forms recognized by law include verbal agreements, written contracts, and specific actions by the parties involved, as follows:

• Verbal Form: This is a simple and quick form of agreement, usually applied to minor, low-risk transactions. However, verbal contracts have the drawback of being difficult to prove in case of disputes.
• Written Form: This is the most common form of contract, especially in transactions involving significant value or complexity. This form facilitates easy management, storage, and retrieval of information when necessary. A written contract ensures transparency, accuracy, and clarity in the agreement.
• Specific Actions: Sales contracts can also be established through specific actions by the parties involved.

Thus, there are three forms of sales contracts that parties can choose from to conclude an agreement. However, it is advisable to draft contracts in written form to best ensure the rights and interests of all parties involved.

Latest Sale Contract Template for the Businesses

Sale Contract Template

Below is a sale contract template that can be used for your business. Depending on the contract agreement and specific situation, the parties can adjust it as needed.

>>> Download: Latest sale contract template

Guidelines for Drafting a Sale Contract

Drafting a contract is the process of creating a legal document that records the agreements and terms between participating parties. Here are some guidelines for drafting a contract for businesses:

Determine the purpose of the contract and gather information about the transaction content.

Research the Legal Regulations Governing the Content Recorded in the Contract:

• This helps determine the legal regulations governing the transaction content that the contract is aimed at.
• Usually, for sale contracts, the main governing laws are the Civil Code 2015 and the Commercial Law 2005.
• However, depending on the agreement between the parties, the contract may be subject to other legal regulations.

Drafting the Contract:

• After understanding the will and agreements of the parties and the governing legal regulations, the parties proceed to draft the contract.
• The contract must record detailed information of the parties involved in the transaction, accurately describe the subject of the contract, and clearly stipulate terms for goods delivery, payment, rights and obligations, and dispute resolution terms of the parties.
• It is important to ensure that the language in the contract is unambiguous or clearly explained to avoid misunderstandings between the parties.

Review the Contract: When the parties have agreed on the draft contract, the next step is to draft the official contract and sign it. Before signing, the parties should thoroughly review the entire content of the contract to ensure there are no errors or unclear terms.

Sample contract for purchase and sale of goods for businesses

Some notes to avoid invalid sale contract 

A sale contract will be invalid in the following cases as per Articles 123 to 129 and Article 408 of the Civil Code 2015:

• The contract is invalid due to a violation of prohibitions by law or contrary to social ethics;
• The contract is invalid due to deception;
• The contract is invalid due to the participant being a minor, person with lost or limited civil act capacity, or having difficulty in perception and behavior control;
• The contract is invalid due to a mistake;
• The contract is invalid due to deception, threat, or coercion;
• The contract is invalid due to the person establishing it not being aware of and not controlling their behavior;
• The contract is invalid due to non-compliance with form requirements;
• The contract is invalid because the subject matter cannot be performed.

To ensure that a sale contract is not invalid, the parties need to ensure the following conditions:

Regarding the Contracting Parties:

• The contract must be signed by the parties directly involved in the transaction.
• The parties involved must have full civil legal capacity and civil act capacity as prescribed by law.

Regarding Voluntariness in Contracting:

• The contract must be signed on a voluntary basis, with free will, without coercion, deception, or pressure from any party.
• The parties voluntarily agree on matters to create, change, or terminate their civil rights and obligations.

Regarding the Contract Content:

• The purpose and content of the contract must not violate prohibitions by law and must not be contrary to social ethics.
• The contract must clearly state the rights and obligations of the parties involved.
• The subject matter of the sale contract must be goods that are not prohibited from trading according to Article 6 of the Investment Law 2020.

Legal Basis:

• Articles 117, 118, 123 to 129, 408, and 431 of the Civil Code 2015;
• Article 25 of the Commercial Law 2005.

Consulting Services for Drafting Sales Contract Template for Enterprises:

To support our valued customers in drafting sale contracts, Long Phan offers services including:

• Consulting and reviewing Sales Contract Template;
• Consulting and drafting sale contracts;
• Consulting and supporting the negotiation and drafting process of sale contracts;
• Analyzing potential legal risks in the contract and providing appropriate solutions to minimize risks for the parties;
• Drafting contracts based on the information and agreements of the parties, ensuring the contract is clear, accurate, complete, and compliant with regulations;
• Reviewing and editing contracts;
• Consulting and supporting customers in resolving sale contract disputes.

Consulting on Drafting Sale Contracts for Enterprises

Drafting a Sales Contract Template requires caution and compliance with legal regulations. This ensures the best reflection of the will and agreements of the parties. The above article has provided a sample sale contract for enterprises, guidelines for drafting and implementing the contract. If you have any further questions, please contact Long Phan via Hotline 0906.735.386 for advice and support.