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Purchase Agreement

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A Purchase Agreement is a contract where a seller promises to sell something that a purchaser promises to buy.

A Purchase Agreement can be used to sell goods, assets, equipment, services, etc.

A Bill of Sale is often used with a Purchase Agreement to conclude the sale and transfer the title to the purchaser.

Either a Purchase Agreement or a Bill of Sale is required for any sale of goods of a value over $500.

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Canadian Law Resources: (24-Aug-2018) E.&O.E.

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