Under the UCC, the word “goods” only refers to items that are both tangible and moveable, such as a piece of fruit. The buyer and the seller must both agree to the terms of the final contract.Īrticle 2 of the Uniform Commercial Code (“UCC”) is the law responsible for regulating transactions for the sale of goods.There must be some form of consideration (e.g., something of value, which is usually money) present within the terms of the offer and.The following elements are generally required in order to form a legally enforceable and valid contract: This document can also be used as a reference in the event that any disputes regarding the agreement arise between the two parties in the future. The terms of the sale of goods contract will govern their business relationship. When two parties wish to enter into a transaction to buy and sell goods, they will typically create a sale of goods contract. How Do You Draft a Sale of Goods Contract?
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