A purchase agreement template will be drafted as well as signed by both the parties, keeping its legal importance in mind. These templates create a legally binding contract between a seller and purchaser that documents the sale of an item which additionally includes the method of transaction, information of both parties, period of agreement and renewal procedure. A purchase agreement template is a legitimate document that is used to outline terms and conditions relevant to the transaction. This agreement includes all the terms and conditions that the buyer and seller agree to accept and follow. It is a binding contract between parties for purchasing fixed or current assets. Generally, these purchase agreements include some major information about parties to the agreement, description of the property to be sold, price of the property, terms of payment, obligations about possession and ownership of property. Going further, you can create your own purchase agreement straight from our given format and after creating, you can take prints at once. Importance of Purchase Agreement: A purchase agreement template is generated when the buyer and seller both agree to sign a deal of purchase under the statement of settled terms. The main content of a purchase