The Simple Purchase Agreement is a fundamental commercial contract used for documenting straightforward sales transactions in Hong Kong. It is particularly suitable for one-off purchases of goods where parties need a clear, legally compliant agreement without overly complex terms. The document incorporates requirements from Hong Kong's Sale of Goods Ordinance and related legislation, making it appropriate for both business-to-business and business-to-consumer transactions. It covers essential elements such as goods description, pricing, payment terms, delivery arrangements, and basic warranties, while allowing for customization through optional clauses based on specific transaction needs. This agreement type is commonly used across various industries for purchases ranging from office equipment to industrial goods, providing a balanced framework that protects both buyer and seller interests.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies and provides full details of the seller and buyer
2. Background: Brief context of the transaction and relationship between the parties
3. Definitions: Defines key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including description of goods and purchase price
5. Payment Terms: Details of payment method, timing, and any specific payment conditions
6. Delivery: Delivery terms, timing, location, and passing of risk
7. Title and Risk: Provisions regarding transfer of ownership and risk in the goods
8. Basic Warranties: Essential warranties regarding ownership, quality, and fitness for purpose
9. Termination: Circumstances under which the agreement can be terminated
10. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction for disputes
11. Execution: Signature blocks and execution formalities
1. Inspection and Acceptance: Detailed procedures for inspecting and accepting the goods, recommended for complex or high-value goods
2. Additional Warranties: Extended warranties beyond the basic warranties, useful for specialized or technical goods
3. Intellectual Property: IP rights and licenses, necessary if the goods involve intellectual property
4. Confidentiality: Confidentiality obligations, important for transactions involving sensitive information
5. Force Majeure: Provisions for unforeseen circumstances, recommended for long-term or high-value contracts
6. Insurance: Insurance requirements, important for high-value goods or complex delivery arrangements
7. Limitation of Liability: Caps on liability, subject to Control of Exemption Clauses Ordinance
8. Data Protection: Compliance with Personal Data (Privacy) Ordinance, necessary if personal data is involved
1. Schedule 1 - Specification of Goods: Detailed technical specifications or description of the goods
2. Schedule 2 - Price List: Detailed breakdown of prices if multiple items or pricing components
3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and locations if multiple deliveries
4. Schedule 4 - Acceptance Testing Procedures: Detailed procedures for testing and accepting the goods if applicable
5. Schedule 5 - Form of Notice: Standard forms for various notices required under the agreement
Relevant legal definitions
Clauses
Sale and Purchase
Payment
Delivery
Transfer of Title
Risk
Warranties
Inspection and Acceptance
Price Adjustment
Force Majeure
Termination
Liability
Indemnification
Insurance
Confidentiality
Intellectual Property
Notices
Assignment
Entire Agreement
Amendments
Waiver
Severability
Third Party Rights
Counterparts
Costs
Governing Law
Dispute Resolution
Payment
Delivery
Transfer of Title
Risk
Warranties
Inspection and Acceptance
Price Adjustment
Force Majeure
Termination
Liability
Indemnification
Insurance
Confidentiality
Intellectual Property
Notices
Assignment
Entire Agreement
Amendments
Waiver
Severability
Third Party Rights
Counterparts
Costs
Governing Law
Dispute Resolution
Relevant Industries
Retail
Manufacturing
Wholesale
Technology
Professional Services
Consumer Goods
Industrial Equipment
Electronics
Food and Beverage
Automotive
Construction
Medical Supplies
Office Equipment
Textiles
Relevant Teams
Procurement
Legal
Finance
Operations
Supply Chain
Commercial
Risk and Compliance
Sales
Administration
Contract Management
Relevant Roles
Procurement Manager
Purchasing Officer
Legal Counsel
Contract Manager
Supply Chain Manager
Operations Manager
Finance Manager
Commercial Director
Business Owner
Sales Manager
General Manager
Chief Financial Officer
Chief Operating Officer
Compliance Officer
Risk Manager
Find the exact document you need
Official Receipt
A Hong Kong-compliant official receipt documenting financial transactions and serving as legal proof of payment under local business and tax regulations.
Download
Home Ownership Agreement
A legally binding agreement under Hong Kong law that documents the terms and conditions for the transfer of property ownership from seller to buyer.
Download
Car Sales Agreement Contract
A Hong Kong-governed agreement documenting the sale and purchase of a motor vehicle, including terms, conditions, and transfer of ownership requirements.
Download
Form To Vacate Rental Property
A Hong Kong-compliant form for tenants to formally notify landlords of their intention to vacate a rental property.
Download
Private Placement Memorandum (Real Estate)
A Hong Kong-compliant offering document for private real estate investment opportunities, detailing property assets, investment terms, and risk factors for sophisticated investors.
Download
Buy Sell Agreement Life (Insurance)
A Hong Kong law-governed agreement establishing terms for business interest transfers triggered by specific events, funded through life insurance policies.
Download
Real Estate Contract Assignment Form
A Hong Kong-compliant legal document for transferring property ownership rights between parties, containing essential terms and conditions for real estate assignments.
Download
Letter Of Intent To Borrow Money
A preliminary document under Hong Kong law outlining proposed terms for a lending arrangement, serving as a formal expression of intent to borrow money and establishing basic loan conditions.
Download
Utility Invoice
A compliant Hong Kong utility invoice documenting consumption, charges, and payment terms for utility services under local regulations.
Download
Sale Of Partnership Agreement
A Hong Kong law-governed agreement documenting the sale and transfer of partnership interests, including terms, price, and completion requirements.
Download
Contract To Pay Back Money Owed
A Hong Kong law-governed agreement that establishes legally binding terms for repaying an existing debt, including payment schedule and enforcement provisions.
Download
Online Residential Lease Agreement
Hong Kong-compliant online residential lease agreement template with electronic execution capabilities.
Download
Commercial Building Rental Agreement
A Hong Kong law-governed agreement setting out terms and conditions for leasing commercial property, including rent, usage rights, and obligations of landlord and tenant.
Download
Vehicle Sale Deed
A legal document governed by Hong Kong law that formalizes the sale and transfer of ownership of a motor vehicle between parties, including all essential terms and conditions of the sale.
Download
Company Sale And Purchase Agreement
A Hong Kong law-governed agreement documenting the terms and conditions for the sale and purchase of a company, including price, warranties, and completion mechanics.
Download
Aircraft Purchase And Sale Agreement
A Hong Kong law-governed agreement documenting the sale and purchase of an aircraft, including technical specifications, regulatory requirements, and commercial terms.
Download
Deed Of Sale Condominium
A formal legal document for transferring ownership of condominium units in Hong Kong, complying with local property law requirements.
Download
Standard Agency Agreement
A Hong Kong law-governed agreement establishing and regulating the principal-agent relationship, defining authority, duties, and commercial terms.
Download
Agreement Of Sale Of Immovable Property
A Hong Kong law-governed agreement for the sale and purchase of immovable property, detailing terms, conditions, and obligations of the transaction.
Download
Pregnancy Risk Assessment
A Hong Kong-compliant workplace risk assessment document for ensuring the safety and appropriate accommodation of pregnant employees, aligned with local safety and anti-discrimination regulations.
Download
Offer Proposal
A Hong Kong law-governed document presenting a formal business proposition with detailed terms and conditions for potential acceptance by the recipient.
Download
Equipment Rental Receipt
A Hong Kong-compliant document recording equipment rental transactions, including equipment details, terms, and payment information.
Download
Promissory Note Without Interest
A Hong Kong law-governed document containing an unconditional promise to pay a fixed sum of money without interest from one party to another.
Download
Letter Of Intent To Sell
A preliminary document under Hong Kong law outlining key terms and conditions for a proposed sale transaction, serving as a framework for subsequent definitive agreements.
Download
Deed Of Partition
A Hong Kong law-governed deed that legally divides jointly owned property into separate portions among co-owners, specifying boundaries and rights.
Download
Contract For Selling A Car
A Hong Kong law-governed contract template for the sale and purchase of a motor vehicle, ensuring compliance with local regulations and protecting both parties' interests.
Download
Conditional Sale Agreement Property
A Hong Kong law-governed agreement for property sales subject to specific conditions, detailing terms, conditions precedent, and completion requirements.
Download
Commercial Real Estate Sales Agreement
A Hong Kong law-governed agreement for the sale and purchase of commercial real estate, detailing terms, conditions, and requirements for property transfer.
Download
Business Broker Contract
A Hong Kong-governed agreement establishing terms for business broker services, including scope, fees, and regulatory compliance requirements.
Download
Vessel Purchase And Sale Agreement
A Hong Kong law-governed agreement for the sale and purchase of a marine vessel, including terms for transfer of ownership, payment, and delivery.
Download
Simple Business Sale Agreement
A Hong Kong law-governed agreement for the sale and purchase of a business, detailing key terms, conditions, and transfer requirements.
Download
Restaurant Profit Sharing Agreement
A Hong Kong law-governed agreement establishing profit-sharing arrangements between parties in a restaurant business.
Download
Real Estate Purchase Agreement Contract
A legally binding agreement for property sale and purchase in Hong Kong, detailing transaction terms and conditions under Hong Kong law.
Download
Provisional Agreement
A binding preliminary real estate sale contract under Hong Kong law that establishes key terms and conditions for property transactions.
Download
Product Royalty Agreement
A Hong Kong law-governed agreement establishing terms for product licensing and royalty payments between licensor and licensee.
Download
Promissory Note Repayment Schedule
A Hong Kong law-governed financial instrument that combines a promissory note with a structured repayment schedule, documenting debt obligations and payment terms.
Download
Mortgage Sale Deed
A Hong Kong law-governed deed that transfers mortgage rights and obligations from one mortgagee to another, documenting the terms and conditions of the mortgage sale transaction.
Download
Buyer Seller Agreement Form
A Hong Kong law-governed agreement that establishes the terms and conditions for the sale of goods between a buyer and seller, ensuring legal compliance and protection for both parties.
Download
Boat Partnership Agreement
A Hong Kong law-governed agreement establishing shared ownership and operation terms for a marine vessel between multiple partners.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)