ContractsCounsel Logo

Sales Agreement Cost

Updated: August 11, 2023
Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 10,638 reviews
No Upfront Payment Required, Pay Only If You Hire.
Home Blog Sales Agreement Cost

Jump to Section

What does a sales agreement cost? If you are buying or selling an item of significant value, this may be a question that you ask. So let’s explore this question and review some general information about sales agreements and why they are important.

How Much Does a Sales Agreement Cost?

A sales agreement, also known as a sales contract, purchase agreement, or agreement for the sale of goods, is a legally binding contract between a seller and buyer to facilitate the transfer of ownership of an item. The most common arrangement is when a buyer pays a monetary sum to a seller for a particular item.

The purpose of a sales agreement is to create a record of the transaction and guarantee the condition of the item being purchased or sold. This protects both the buyer and the seller from possible scams or dishonesty.

The agreement will hold each party responsible for payments and representations. If either party defaults from the terms and conditions of the sales agreement, the damaged party can legally seek a remedy in court.

Sales contracts are often used for items with significant value like:

  • Cars
  • Boats
  • Motorcycles
  • Real estate

However, it is recommended that parties execute a sales agreement for any transaction over $500, like for furniture, gym equipment, or other household goods.

Suppose you need a sales agreement for a transaction, especially for a valuable item. In that case, it is recommended that you hire an experienced contract lawyer to draft the agreement.

A contract lawyer will know what needs to be included in the agreement to make it legally binding and enforceable in court if one party should default. If the contract is poorly written or doesn’t contain all the necessary terms, you could suffer financial consequences.

Based on ContractsCounsel’s marketplace data, the average cost of a project involving a sales agreement is $540.00.

What’s Included in a Sales Agreement

The terms and conditions included in a sales agreement will vary depending on the item sold and how payment is agreed upon. For example, some sellers will require payment in full for an item. In contrast, others may agree to accept payment in predetermined increments.

While conditions may vary, the following clauses should be included in all sales agreements:

  • Parties. The names and contact information of the buyer and seller in the transaction.
  • Description of the goods. A detailed description of the item being sold. This contract clause is essential to detail the item's condition at the time of the sale.
  • Payment. How much the buyer has agreed to pay for the item and how the seller requests to be paid (bank transfer, check, cash). If the parties arrange a payment schedule, the due dates of each payment must be included.
  • Delivery. How the item will be transferred to the buyer. This isn’t an issue for small items or vehicles that run, but larger items like furniture or boats may need to be delivered or picked up.
  • Warranties. A seller guarantees the item is in condition. Warranties can be expressed as an affirmative statement about the item or implied, meaning the condition is assumed.It is best to have an express warranty written in the contract.

Types of Sales Agreements

There are several different types of sales agreements. The agreements usually differ based on what item is being sold.

The most common types of sales contracts include:

  1. General Sales Contract
  2. Conditional Sales Contract
  3. Agreement for Sale
  4. Contract of Sale of Business
  5. Sales Contract Addendum
  6. International Sales Contracts
  7. Automobile Sales Contracts
Meet some lawyers on our platform

Nicole C.

1 project on CC
CC verified
View Profile

Benjamin W.

79 projects on CC
CC verified
View Profile

Laura B.

7 projects on CC
CC verified
View Profile

Ryenne S.

605 projects on CC
CC verified
View Profile

Sales Agreement Projects

Sales Agreement Drafting

Sales agreements are important contracts because they lay out the terms and conditions surrounding the transfer of ownership of an item between two parties.

Without an accurately drafted sales agreement, the buyer and the seller risk financial damages. In addition, if either party misrepresents an item or fails to uphold their end of the bargain, a valid sales agreement allows the injured party to seek damages in court.

It is common for individuals or companies selling or purchasing valuable items to hire an attorney to draft a sales agreement. An experienced attorney will be familiar with the contract laws in your jurisdiction and be able to draft a contract customized to the sale that protects both parties.

Sales Agreement Review

The party selling the item will usually draft and provide the sales agreement for the transaction. Suppose you are a buyer and have been asked to sign a sales contract. In that case, it is important that you fully understand what you agree to and what obligations you must fulfill.

Before signing a sales agreement drafted by another party, it is recommended that you have it reviewed by your attorney.

A contract lawyer can review the terms of your sales agreement and ensure that it is fair and protects your interests, not just the seller’s interests. In addition, your lawyer will be able to explain the contract to you, so you are fully aware of all your obligations.

Sales Agreement Drafting Cost

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

ContractsCounsel’s marketplace data shows that the average sales agreement drafting costs $620.00 across all states and industries.

Sales Agreement Review Cost

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

ContractsCounsel’s marketplace data shows that the average sales agreement review costs $320.00 across all states and industries.

How Do Lawyers Charge for a Sales Agreement?

Hourly Rates for Sales Agreements

Hourly rate fee structures are a common way for lawyers to bill clients. Under an hourly rate, the lawyer will keep track of their time working on the project, which can include:

  • Time spent drafting the agreement
  • Time spent conducting research
  • Meetings with the client
  • Phone calls or emails to the client

The lawyer will then bill the client for the total hours spent on the project.

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

Flat Fee Rates for Sales Agreements

When a lawyer is hired for a specific job like drafting or reviewing a sales agreement, they may opt to charge their client a flat fee rate. Under this fee agreement structure, the lawyer will provide their client with a flat fee quote for legal services associated with the task or case.

Client usually prefers this fee structure because they know how much legal services will cost and avoid any surprise bills at the end of legal services.

ContractsCounsel’s marketplace data shows that a sales agreement's average flat fee rate is $540.00.

Get Help with a Sales Agreement

Do you need help with a sales agreement 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.

Need help with a Sales Agreement?

Create a free project posting

Meet some of our Lawyers

Mark P. on ContractsCounsel
View Mark
5.0 (8)
Member Since:
July 21, 2023

Mark P.

Owner
Free Consultation
Kansas City, MO
9 Yrs Experience
Licensed in KS, MO, NE, TX
University of Missouri - Kansas City

www.parachinilaw.com I represent a diverse mix in a vast array of specialties, including litigation, contracts, compliance, business and financial strategies, and emerging industries. Credit for this foundation of strength goes to those who taught me. Skilled professors and professionals fostered my powerful educational and professional background. Prior to law school, I earned dual Bachelor’s degrees in Business Administration & Accounting from Peru State College. I received a Master of Business Administration degree from Chadron State College. My ambitions did not stop there. While working full time as a Senior Accountant for the University of Missouri, Columbia, I achieved the lifelong goal of becoming a licensed Certified Public Accountant (CPA). Mizzo provided excellent opportunities and amazing experiences. Managing over $50M in government and private research funding was a gift. As a high ranking professional in the Department of Research, I was given priceless insight into the greatest scientific, journalistic, medical, and legal minds in the world. My passion for successful growth did not, and has not stopped. I graduated summa cum laude (top 3%) with a Doctorate in Law, emphasizing in urban, land use and environmental/toxic tort law from the University of Missouri, Kansas City. This success lead to invaluable experiences of serving as Hon. Brian C. Wimes' judicial clerk for the U.S. District Court for the W. D. of Missouri, as a staff editor/writer for UMKC Law Review, and as a litigation and transactional attorney with Lathrop GPM (fka Lathrop & Gage). My professional and personal network is expansive, with established relationships throughout the U.S. and overseas. Although I engage in legal practice all over the country, I maintain law licenses in Missouri, Kansas, and Nebraska. Federally, I hold licenses in the W.D. and E.D. of Missouri and the District of Nebraska. To offer extra value, efficiency, and options, I maintain a CPA license and am obtaining a real-estate brokerage license.

Garrett M. on ContractsCounsel
View Garrett
4.9 (5)
Member Since:
June 15, 2023

Garrett M.

Attorney
Free Consultation
Cincinnati, Ohio
4 Yrs Experience
Licensed in KY, OH
University of Cincinnati College of Law

Attorney Garrett Mayleben's practice is focused on representing small businesses and the working people that make them profitable. He represents companies in structuring and negotiating merger, acquisition, and real estate transactions; guides emerging companies through the startup phase; and consults with business owners on corporate governance matters. Garrett also practices in employment law, copyright and trademark law, and civil litigation. Though industry agnostic, Garrett has particular experience representing medical, dental, veterinary, and chiropractic practices in various business transactions, transitions, and the structuring of related management service organizations (MSOs).

Joshua B. on ContractsCounsel
View Joshua
5.0 (6)
Member Since:
September 19, 2023

Joshua B.

Of Counsel
Free Consultation
Austin, Texas
22 Yrs Experience
Licensed in TX
University of Texas

Josh Bernstein has been serving real estate and corporate transactional clients since 2002. His experience is varied, and he enjoys working on and puzzling out novel and complex corporate and real estate matters. Josh’s experience includes, among other things, the following: representation of public companies in connection with SEC reporting and compliance work (proxies, 10-K’s; 10-Q’s; 8-K’s, etc.); representation of public and private company securities issuances (including private placements, and other similar offerings); assistance in structuring and drafting joint ventures, both for investors and operating partners, and including both real estate and corporate ventures; handling public and private company mergers and acquisitions; and asset sales and dispositions; assisting clients, big and small, with real estate acquisitions, sales and financings; managing large-scale and multi-state real estate portfolio acquisitions, dispositions and financings; complex condominium creation, structuring and governance work, including: commercial condominiums, use of condominiums as a land planning tool, wholesale condominium property acquisitions and dispositions, and rehabilitating failed or faulty condominium legal structures to make ready for sale; development of restrictive covenants and owners’ association documents for master-planned communities; compliance with federal statutes governing real estate sale and development (including, without limitation, the Interstate Land Sales Full Disclosure Act, the Housing for Older Persons Act, and the Americans with Disabilities Act); representation of real estate lenders, for both improved and unimproved property, and including numerous construction financings secured by real estate; assistance with commercial leasing; from both the landlord and tenant side, and including condominium leasing; training residential home and condominium sales staff for compliance with applicable local and federal law; and workouts of all kinds. When he’s not busy lawyering, Josh may be found watching 80’s commercials, flying a single-engine plane, playing poker, or trying to be a good dad.

Jeffrey A. on ContractsCounsel
View Jeffrey
5.0 (1)
Member Since:
September 20, 2023

Jeffrey A.

Business Attorney & Advisor
Free Consultation
Remote
19 Yrs Experience
Licensed in IL
University of Denver College of Law

Trusted legal counsel and business advisor to businesses and executive teams in the software, financial, and technology industries. Practice areas include commercial transactions, licensing, SaaS/PaaS/IaaS delivery models, software product development, regulatory compliance, new business formation, employment matters, and general corporate matters.

James H. on ContractsCounsel
View James
Member Since:
September 17, 2023

James H.

Attorney, Corporate Counsel, Mediator
Free Consultation
Washington DC
5 Yrs Experience
Licensed in DC
Washington University In St. Louis School of Law

Attorney James is an experienced Attorney, Federal Law & Tax Specialist, Corporate Counsel, Tax Lawyer and Mediator. Experienced in Contract Drafting, Corporate Formation, Corporate Governance, Federal Administrative Law, Regulatory Compliance, Tax Settlement, Tax Planning, Merger/Acquisition, Business Law, Collection, Insurance Claims, Employment Law, Immigration, Non-Profit Governance Licensed Corporate Counsel in State of Delaware Supreme Court Bar #900646 Attorney: US District Court of the District of Columbia, Washington DC Federal Bar #DE0003 US Bankruptcy Court of The District of Columbia, Washington DC Federal Bar #DE0003 Tax Advisor: IRS Registered Tax lawyer/PTIN, PTIN (over 10 years experience) US Federal Agencies, Boards and Commissions, Federal Administrative Law and Regulatory Compliance Business law services: Administrative Law, Business Law, Collections, Bankruptcy, Corporate, Employment, Regulatory Compliance, Corporate Counsel, Immigration

Sahil M. on ContractsCounsel
View Sahil
Member Since:
September 19, 2023

Sahil M.

Principal Attorney
Free Consultation
Chicago, IL, United States
3 Yrs Experience
Licensed in DC, IL
University of Illinois - Chicago School of Law

Drishti Law is devoted to assisting clients identify and protect their competitive advantage by establishing a capitalization strategy that adapts to their needs. Our expertise focuses on developing competent asset management strategies for innovators, creators, startups, and businesses. Additionally, navigating the current IP trends require a seamless experience that is personable and reflective of your goals. The principal attorney, Sahil Malhotra, founded Drishti Law because of his deep passion and ever-evolving interest in Intellectual property and Data Privacy. We take a holistic approach in balancing the risk and rewards as it relates to the development, management, and capitalization of your assets. Our ability to implement complex litigation and prosecution services permits effective execution of trademark, trade secret, copyright, and data privacy for individuals and businesses. It begins with creating a client-centric environment that develops trust through efficient decision making and instituting creative solutions.

Find the best lawyer for your project

Browse Lawyers Now

Need help with a Sales Agreement?

Create a free project posting
CONTRACT LAWYERS BY TOP CITIES
See All Business Lawyers
Learn About Contracts
See More Contracts
other helpful articles

Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.

View Trustpilot Review

Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.

View Trustpilot Review

I never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.

View Trustpilot Review

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.

View Trustpilot Review

Need help with a Sales Agreement?

Create a free project posting

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call

Find lawyers and attorneys by city