37 Best Purchase Agreement Templates

1. Clear scope and terms Define exactly what is being sold, the purchase price, payment terms, delivery or transfer of ownership, and any included assets or liabilities to prevent misunderstandings later. Include deadlines and conditions to keep the deal on track.

2. Contingencies and risk allocation Include typical contingencies such as financing approval, due diligence, title verification, and inspection rights, plus clear remedies if contingencies fail. Specify who bears risks at each stage and what happens if terms are not met.

3. Compliance and customization Ensure the template aligns with applicable laws and is tailored to the specific transaction, including governing law, dispute resolution, indemnities, warranties, and confidentiality. Avoid generic language that could create gaps or unintended liability.