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Purchase Contract Cost (2026)

This page explains the average cost of a purchase contract, based on recent projects completed by lawyers on the ContractsCounsel platform.

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Quick Facts — Purchase Contract Lawyers

How Much Does a Purchase Contract Cost?

Based on recent projects completed on ContractsCounsel, the average flat fee to draft a purchase contract is $920.00 [1] on a flat fee basis. Based on recent projects completed on ContractsCounsel, the average flat fee to review a purchase contractis $590.00 [2] on a flat fee basis. These cost points come from recent purchase contract projects on the ContractsCounsel platform and are averages from across all US states.

ContractsCounsel is one of the largest online legal marketplaces, with over 1,000 verified attorneys. Many of these lawyers help clients with legal tasks related to purchase contract projects — ensuring legal terms are properly structured and risks are clearly understood.

Average Cost Data from Lawyers on ContractsCounsel

All Purchase Contract Projects:
$730.00
Drafting a Purchase Contract:
$920.00
Reviewing a Purchase Contract:
$590.00

Based on 26 recent projects completed by lawyers on ContractsCounsel.

Last updated: August 3, 2026

See Purchase Contract Pricing by State

What is a Purchase Contract?

A purchase contract, also known as a sales agreement or purchase agreement, is a legally binding contract between a party selling an item and the party purchasing the item.

Purchase contracts can most commonly be found in real estate transactions. Still, they are often used for smaller transactions as well. Typically, a purchase contract is recommended for any transaction over $500.

The purpose of a purchase contract is to protect both parties throughout the contract and exchange of property. The contract accomplishes this by describing the item condition, price, and terms and conditions surrounding the sale and transfer of property.

Purchase contracts can be complicated, especially in real estate and other significant transactions. As a result, many parties hire an attorney to assist with drafting and reviewing a purchase contract.

A contract lawyer will know what terms and conditions to include in your purchase contract to protect both parties and make the agreement legally binding. However, if the contract is poorly written or doesn’t contain all the necessary terms, you could suffer financial consequences.

See Purchase Contract Pricing by State

What’s Included in a Purchase Contract

The terms and conditions included in a purchase contract will vary based on the item sold, the service provided, and the needs of both parties.

Despite the variations that you may find in purchase contracts, a basic purchase agreement should include the following clauses:

  • Party information. The names, business names, and contact information of all parties involved in the transaction.
  • Sale inclusions and exclusions. Information about the items involved in the transaction, including a detailed description of things. Suppose the sale involves real estate. All inspection requirements, appraisals, financing, and titling information should be included.
  • Disclosures. Any information about the item being sold that could impact the value.
  • Payment and pricing. How much does the item cost, and what are the terms and conditions surrounding the payment, including all payment options (cash, credit card, loan, etc.) and dates payment is due.
  • Delivery of goods. The details surrounding how certain items like a car or furniture will be delivered to the buyer. Specific details like delivery cost, time, place, and liability for damages should all be addressed.
  • Warranties. Warranties are guarantees that a seller makes a buyer that the item being purchased meets the expected level of reliability. This legally enforceable guarantee can be made as an express or implied warranty. An express warranty is an affirmative statement about the quality of the goods. For example, “the car starts and runs without any issues.” An implied warranty is an unwritten guarantee, like the assumption that the car you are about to buy will work properly. Either warranty can be written or oral, but it is always better to have the warranty written into the contract.
  • Signatures. Both the buyer and the seller need to sign the purchase agreement.

Why Do I Need a Purchase Contract?

Purchase contracts are necessary legal contracts, whether your transaction is large or small. This agreement protects the seller by requiring the buyer to agree to purchase an item for a set price under specific terms and conditions.

The buyer is protected because the purchase contract serves as a receipt for the transaction proving they rightfully own the property detailed in the agreement and providing remedies if the item is not true to its description provided by the seller.

A correctly written purchase contract will be legally enforceable in court. However, suppose either party fails to uphold their end of the contract terms. In that case, the injured party can seek legal relief through a lawsuit for breach of contract.

Purchase Contract Projects

Purchase Contract Drafting

Purchase contracts are important documents because they lay out the terms and conditions surrounding a sale or transaction between a buyer and a seller. Without a valid purchase contract, both parties risk financial damages if either party misrepresents an item or fails to uphold their end of the deal.

It is common for individuals or companies selling goods or providing a service to hire a lawyer to draft a valid purchase contract.

An experienced attorney will know the contract laws in your state and be able to create a document customized to your needs that protects both you and the other party in the transaction.

Purchase Contract Review

In most cases, the seller or service provider drafts and provides the purchase contract for a transaction. If you have been asked to sign a purchase contract, it is crucial that you understand what you agree to and what obligations you must fulfill. Before signing a purchase contract, it is recommended that you have it reviewed by your attorney.

A contract lawyer can review your purchase contract's terms and ensure that it is fair and legally enforceable. In addition, your lawyer will be able to explain the contract to you, so you are fully aware of all your obligations.

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Purchase Contract Drafting Cost

You will incur legal fees if you hire a lawyer to draft a purchase contract. A lawyer will charge for the time it takes to draft the document and may include additional fees for consultations and communication.

ContractsCounsel’s marketplace data shows that the average purchase contract drafting costs $920 across all states and industries.

Purchase Contract Review Cost

If you choose to draft your purchase contract, or you must sign a purchase contract that has been drafted by someone else, you can hire a lawyer to review the contract. A lawyer will charge for their time reviewing the agreement, but the fees are typically less than drafting fees.

ContractsCounsel’s marketplace data shows that the average purchase contract review costs $590 across all states and industries.

How Do Lawyers Charge for Purchase Contracts?

Hourly Rates for Purchase Contracts

Hourly rate fee structures are one of the most common ways for lawyers to bill clients. Under an hourly rate, the lawyer will keep track of their time working on the project and then bill the client for the total number of hours.

This fee structure ensures that the lawyer is paid for their time even if the case takes longer than expected.

ContractsCounsel’s marketplace data shows that the average hourly rate for a purchase contract lawyer ranges from $200 - $350 per hour.

Flat Fee Rates for Purchase Contracts

Flat fee rate structures are becoming more common for a lawyer to use when hired for a specific project, like drafting or reviewing purchase contracts. Under this fee agreement, the attorney provides their client a flat fee quote for all legal services involved in the particular task.

The client must usually pay this fee upfront and will not incur additional fees. The client must understand what services are included in the flat fee rate. Additional projects, tasks, or meetings could incur more legal fees.

ContractsCounsel’s marketplace data shows that the average flat fee rate for a purchase contract is $730.

Get Help with Purchase Contracts

Do you need help with a purchase contract project? If so, post a project in ContractsCounsel’s marketplace to receive flat fee bids from contract lawyers to handle your project. All lawyers on the ContractsCounsel’s platform are vetted by our team to make sure you are provided with top tier service.

References

  1. ^ Based on hiring values from ContractsCounsel's platform. Last updated August 3, 2026.
  2. ^ Based on hiring values from ContractsCounsel's platform. Last updated August 3, 2026.

ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.


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Neil B. on ContractsCounsel
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5.0 (6)
Member Since:
September 2, 2025

Neil B.

General Counsel, Chief Compliance Officer, Chief Operating Officer, Corporate Secretary, Managing Partner
Free Consultation
New York, NY, USA
41 Yrs Experience
Licensed in CT, NJ, NY
Quinnipiac School of Law

Professional Experience Neil Belloff is an accomplished business lawyer with over 35 years of business and legal experience, including as Board Member, General Counsel, Chief Compliance Officer, Chief Operating Officer and Corporate Secretary. After law school, Neil joined a boutique law firm in New York City and practiced as a litigator and corporate securities lawyer. Soon thereafter, Neil became a Senior Attorney-Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission in Washington, D.C. responsible for reviewing 1933 Act and 1934 Act documents, coordinating projects with the EPA and DOL, overseeing bankruptcy, reorganization and work-outs, responding to Congressional inquiries, and providing assistance to other SEC divisions and the Department of Justice. Following his tenure with the government, Neil practiced with several NY-based law firms providing legal and business services to public and private enterprises focusing on securities, corporate, employment, IP, licensing, M&A, finance, governance, litigation, compliance and privacy matters. Neil became an in-house attorney in 2003 joining Deutsche Telekom, one of the largest telecommunications companies in the world, as Executive Vice President and US Securities and Corporate Counsel. He joined Celgene Corporation, a publicly listed global biopharmaceutical company, in 2010 and became General Counsel, Chief Compliance Officer and Corporate Secretary of Eloxx Pharmaceuticals, Inc. in 2018 (and Chief Operating Officer in 2020) and General Counsel, Chief Compliance Officer and Corporate Secretary of Acorda Therapeutics, Inc. in 2021. Neil went back to private practice in 2024. Neil has been lead counsel on dozens of IPOs (representing both issuers and underwriters) and multi-billion dollar M&A transactions. His practice includes licensing, structured finance, venture capital, risk assessment, corporate governance, legal and regulatory compliance, pharmaceutical development, and all aspects of corporate, securities, intellectual property, privacy and employment law. Education • J.D. - Quinnipiac University School of Law • LL.M. - Program in Securities Regulation at Georgetown University Law Center • M.A. - New York University • B.A. - Queens College of the City University of New York Admissions • New York, New Jersey, Connecticut • Southern District of New York • Eastern District of New York • District of Connecticut Publications • Frequent conference speaker (FEI, NACD, NIRI, ACC, PLI, MarcusEvans) • Co-authored chapter of NACD report on the Role of Directors in Strategic Planning, member of Blue Ribbon Commission of NACD • Authored various articles on securities, litigation and governance topics • Featured in Vanguard Law Magazine - https://www.vanguardlawmag.com/case-studies/neil-belloff-acorda-therapeutics/ Board Memberships • Former Board Member | Private computer network and software development company sold to NASDAQ listed company • Former Board Member | NASDAQ listed location-based entertainment company

Recent  ContractsCounsel Client  Review:
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David U. on ContractsCounsel
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Member Since:
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Attorney
Free Consultation
CO, AZ, OK
26 Yrs Experience
Licensed in AZ, CO
The University of Oklahoma College of Law

For the last 25 years I've focused on representing businesses and entrepreneurs in transactional law deals, including LLC creation, operation and sale of businesses; real estate sales and leasing; and general contract negotiation and drafting. While I've helped all manner of businesses work out a variety of contract and business matters, I am an expert at helping clients with buying and selling commercial properties including multi-family and office projects and buildings, subdivisions, and retail shopping centers. I am also a recognized expert negotiating leases for retail and office tenants and landlords. Over 25 years I've honed my skills a lawyer at one of the largest law firms in the world, an elite real estate boutique in Aspen, Colorado and a highly regarded firm based in Denver, Colorado, before starting my own practice in 2016. Since 2016 I've been helping my clients with real estate and business deals. I'm a commercial real estate and business expert with a passion for helping clients forge successful ventures in an efficient and understandable manner.

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4.9 (610)
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Principal Attorney
Free Consultation
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16 Yrs Experience
Licensed in IL
DePaul University College of Law

My name is Ryenne Shaw and I help business owners build businesses that operate as assets instead of liabilities, increase in value over time and build wealth. My areas of expertise include corporate formation and business structure, contract law, employment/labor law, business risk and compliance and intellectual property. I also serve as outside general counsel to several businesses across various industries nationally. I spent most of my early legal career assisting C.E.O.s, General Counsel, and in-house legal counsel of both large and smaller corporations in minimizing liability, protecting business assets and maximizing profits. While working with many of these entities, I realized that smaller entities are often underserved. I saw that smaller business owners weren’t receiving the same level of legal support larger corporations relied upon to grow and sustain. I knew this was a major contributor to the ceiling that most small businesses hit before they’ve even scratched the surface of their potential. And I knew at that moment that all of this lack of knowledge and support was creating a huge wealth gap. After over ten years of legal experience, I started my law firm to provide the legal support small to mid-sized business owners and entrepreneurs need to grow and protect their brands, businesses, and assets. I have a passion for helping small to mid-sized businesses and startups grow into wealth-building assets by leveraging the same legal strategies large corporations have used for years to create real wealth. I enjoy connecting with my clients, learning about their visions and identifying ways to protect and maximize the reach, value and impact of their businesses. I am a strong legal writer with extensive litigation experience, including both federal and state (and administratively), which brings another element to every contract I prepare and the overall counsel and value I provide. Some of my recent projects include: - Negotiating & Drafting Commercial Lease Agreements - Drafting Trademark Licensing Agreements - Drafting Ambassador and Influencer Agreements - Drafting Collaboration Agreements - Drafting Service Agreements for service-providers, coaches and consultants - Drafting Master Service Agreements and SOWs - Drafting Terms of Service and Privacy Policies - Preparing policies and procedures for businesses in highly regulated industries - Drafting Employee Handbooks, Standard Operations and Procedures (SOPs) manuals, employment agreements - Creating Employer-employee infrastructure to ensure business compliance with employment and labor laws - Drafting Independent Contractor Agreements and Non-Disclosure/Non-Competition/Non-Solicitation Agreements - Conducting Federal Trademark Searches and filing trademark applications - Preparing Trademark Opinion Letters after conducting appropriate legal research - Drafting Letters of Opinion for Small Business Loans - Drafting and Responding to Cease and Desist Letters I service clients throughout the United States across a broad range of industries.

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Sara S. on ContractsCounsel
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4.9 (157)
Member Since:
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Attorney
Free Consultation
Washington, District of Columbia
6 Yrs Experience
Licensed in DC, MD, PA
American University Washington College of Law

With over eleven years of intellectual property experience, I’m happy to work on your contract problem. I am very diligent and enjoy meeting tight deadlines. Drafting memoranda, business transactional documents, termination notices, demand letters, licenses and letter agreements are all in my wheelhouse! Working in a variety of fields, from construction to pharmaceutical, I enjoy resolving any disputes that come across my desk. I will prioritize your project, big or small. Please be ready and prepared with all relevant documentation so we can get started as soon as you click HIRE! Hourly rate projects will be billed hourly in accordance with the timesheet. Flat rate projects will be billed in segments. Choosing an hourly or flat rate is up to you. Absolutely no refunds.

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Free Consultation
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3 Yrs Experience
Licensed in IN, NC
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Free Consultation
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Hi, I am the founding member of Son of Brown Law Firm, based in Charlotte North Carolina. Our firm practices in the areas of Business Transactions, Cannabis/Hemp, Personal Injury and Immigration Law.

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I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.

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