Template for Purchase & Sales Agreement Between Coffee Shop Owner & Employee
Here’s a basic Purchase & Sales Agreement that a Coffee Shop Owner and an Employee could use as a template. This agreement can be customized to fit the specific details of the sale, including the type of sale (equipment, beans, baked goods, etc.) and payment terms.
PURCHASE & SALES AGREEMENT
This Purchase & Sales Agreement (the "Agreement") is entered into on [Date] by and between:
Coffee Shop Owner
[Owner's Full Name]
[Owner's Business Name]
[Owner's Business Address]
[Owner's Contact Information]
AND
Employee
[Employee's Full Name]
[Employee's Address]
[Employee's Contact Information]
Collectively referred to as the "Parties."
1. Sale of Goods
The Coffee Shop Owner agrees to sell, and the Employee agrees to purchase the following items (the "Goods") under the terms outlined in this Agreement:
- Description of Goods: [e.g., coffee beans, espresso machine, bakery goods, etc.]
- Quantity: [e.g., 50 lbs of coffee beans, 1 espresso machine]
- Condition of Goods: [New/Used]
2. Purchase Price
The total purchase price for the Goods is $[Total Amount], which is due as follows:
- Full Payment: The Employee shall pay the full purchase price on or before [Payment Due Date].
- Installments (if applicable): The Employee shall pay in [Number of Installments] installments of $[Installment Amount] due on the [Payment Dates].
3. Payment Terms
Payment shall be made via [Payment Method: cash, check, bank transfer, etc.]. The Coffee Shop Owner will provide a receipt upon receiving payment.
4. Delivery of Goods
The Coffee Shop Owner shall deliver the Goods to the Employee on [Delivery Date] at [Delivery Location]. If the Goods are to be picked up by the Employee, pickup will be arranged at a mutually agreed upon time.
5. Warranties
The Coffee Shop Owner warrants that the Goods:
- Are free from any third-party claims.
- Conform to the description provided in this Agreement.
- Are being sold in the condition as stated (e.g., new, used, or refurbished).
The Employee acknowledges that they have inspected or had the opportunity to inspect the Goods and accept them as is. [Any warranties or guarantees on the Goods should be explicitly stated or waived here.]
6. Title and Risk of Loss
Title to the Goods will transfer to the Employee upon full payment of the purchase price. Risk of loss or damage to the Goods will pass to the Employee at the time of delivery.
7. Cancellation or Default
In the event of default by either Party, the non-defaulting Party may terminate this Agreement with written notice. If the Employee defaults on payment, the Coffee Shop Owner may repossess the Goods, and the Employee will forfeit any payments made unless otherwise agreed.
8. Dispute Resolution
Any disputes arising from or relating to this Agreement shall be resolved through good faith negotiation between the Parties. If the dispute cannot be resolved, it shall be submitted to mediation or arbitration in accordance with the laws of [State/Country].
9. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the state of [State], without regard to its conflict of laws provisions.
10. Entire Agreement
This Agreement contains the entire understanding between the Parties with respect to the sale of the Goods. Any modifications or amendments to this Agreement must be made in writing and signed by both Parties.
11. Signatures
Coffee Shop Owner:
[Owner's Full Name]
Date: ________________
Employee:
[Employee's Full Name]
Date: ________________
This template should be reviewed by a legal professional to ensure it meets local legal standards and to cover any specific business needs you may have.
