Simple Sales Contract Template for Philippines

The Simple Sales Contract is a fundamental legal document used in the Philippines for documenting the transfer of goods from seller to buyer. This template is particularly suitable for straightforward commercial transactions where clarity and simplicity are priorities. The document complies with requirements set forth in the Civil Code of the Philippines and related commercial legislation, including the Consumer Act where applicable. It is commonly used by businesses and individuals engaging in one-time or recurring sales transactions, providing essential terms covering price, payment, delivery, warranties, and transfer of ownership. The Simple Sales Contract is designed to be easily understood while maintaining legal enforceability, making it ideal for routine business operations while ensuring adequate protection for both parties under Philippine jurisdiction.

1. Parties: Identification and details of the seller and buyer, including complete names, addresses, and tax identification numbers as required under Philippine law

2. Background: Brief context of the sale and the parties' intention to enter into the agreement

3. Definitions: Key terms used throughout the contract, including the Goods, Delivery Date, and Payment Terms

4. Sale and Purchase: Core agreement of the seller to sell and the buyer to purchase the specified goods

5. Purchase Price: Agreed price, currency, and payment terms including method and timing of payment

6. Delivery: Delivery terms, location, timing, and transfer of risk

7. Title and Risk: Specification of when ownership transfers and who bears risk during transit

8. Warranties: Standard warranties regarding ownership, quality, and condition of goods as required under Philippine Civil Code

9. Termination: Circumstances under which the contract may be terminated and the consequences

10. Governing Law: Specification that Philippine law governs the contract

11. Execution: Signature blocks and notarization provisions if required