Document background
The Agreement to Sell is a fundamental commercial document used in South African business transactions when one party intends to sell and another to purchase specific property or goods. This agreement is essential for documenting the terms of sale, protecting both parties' interests, and ensuring compliance with South African legislation including the Consumer Protection Act, Value Added Tax Act, and where applicable, the Alienation of Land Act. The document should be used whenever there is a significant sale transaction that requires formal documentation of terms, conditions, warranties, and obligations. It typically includes comprehensive details about the sale item, price, payment terms, delivery arrangements, risk transfer, and warranties. The agreement can be adapted for various types of sales, from movable property to complex commercial assets, and can incorporate specific requirements based on the nature of the sale item and the parties involved.
