Chattel Sale and Purchase Contract
Contract No.: _______________
Party A (Seller): _______________
Party B (Buyer): _______________
Place of Signing: _______________
Date of Signing: ____ (Year) __ (Month) __ (Day)
Article 1. Subject Matter
Party A agrees to sell the following chattel to Party B, and Party B agrees to purchase it:
- Chattel Name: ________________
- Brand/Model/Specification: ________________
- Quantity: ________________
- Condition: New / Second-hand / Other (specified by Seller).
Article 2. Price and Payment Method
- Total Price: (Currency).
- Payment Method: Buyer shall make a one-time payment upon contract signing / upon delivery; or in installments: Down Payment ______, Remaining Balance ______.
- Payment Channel: Bank transfer, Alipay, WeChat, or other method mutually agreed by both parties.
Article 3. Delivery and Inspection
- Delivery Date: ____ (Year) __ (Month) __ (Day).
- Delivery Location: ________________.
- The Seller shall ensure that the delivered chattel conforms to the specifications of this contract.
- The Buyer shall inspect the chattel upon receipt. If any discrepancy in quantity, model, or quality is found, it must be raised immediately.
Article 4. Transfer of Ownership and Risk
- Ownership of the chattel shall transfer to the Buyer after delivery by the Seller and full payment by the Buyer.
- From the date of delivery, the Buyer shall bear the risk of damage, loss, or destruction of the chattel.
Article 5. Warranty and After-Sales Service
- The Seller guarantees that the chattel sold is of legal origin, free of infringement of others’ rights, and without ownership defects.
- If the Seller provides warranty or after-sales service, the specific period and details are as follows: ________________.
- For second-hand chattel, the Seller only guarantees conformity with the described condition at delivery and does not assume additional warranty obligations (unless otherwise agreed).
Article 6. Contract Termination
- If the Seller fails to deliver as agreed, the Buyer has the right to terminate the contract and demand a refund of payments made.
- If the Buyer fails to pay as agreed, the Seller has the right to terminate the contract and claim compensation for losses.
Article 7. Liability for Breach of Contract
- If the chattel delivered by the Seller seriously deviates from the agreed specifications, the Seller shall refund the price paid and pay liquidated damages equal to __% of the total contract price.
- If the Buyer delays payment, for each overdue __ days, the Buyer shall pay liquidated damages equal to __% of the unpaid amount.
Article 8. Dispute Resolution
- This contract shall be governed by the laws of the place of signing.
- Disputes shall first be resolved through negotiation. If negotiation fails, the case may be submitted to the court or arbitration institution at the place of signing.
Article 9. Miscellaneous
- This contract is executed in two originals, with each party holding one copy, both having equal legal effect.
- Matters not covered herein may be supplemented by a separate written agreement signed by both parties.
Signatures
Party A (Signature): __________________
Party B (Signature): __________________
Date: ____ (Year) __ (Month) __ (Day)