You Might Be Thinking…

“Why would I need to read about a purchase agreement? I can just download a free template online.”
That’s exactly why – because universal templates do not address your specific risks. Whether it’s hidden defects, unclear real estate transfers, or a poorly defined purchase price, in all these cases it’s better to know beforehand than to end up in court.

Clients Often Ask Me…

• What are the essential elements of a purchase agreement?

• Does every purchase agreement have to be in writing?

• How does a real estate contract differ from a car purchase contract?

• What if hidden defects appear?

• When does ownership and risk of damage transfer?

• How to set up ancillary provisions (reservation of title, contractual penalty, deposit)?

Hub Contents

Here you can find all the basic articles on the topic:

1. Purchase Agreement – Seemingly Simple, Yet Legally Slippery
   Read the full article →

2. Essential Elements of a Purchase Agreement
   The minimum required for a valid contract.
   Read more →

3. Real Estate Purchase Agreement Step by Step
   Safe and error-free transfer of a house, apartment, or land.
   Read more →

4. Liability for Defects and Warranty Claims
   How to handle defects with goods, cars, or real estate.
   Read more →

5. Risk of Damage and Its Transfer
   Who bears the risk when the item is damaged during transport or delivery.
   Read more →

6. Ancillary Provisions in a Purchase Agreement
   Reservation of title, trial period, repurchase, and more.
   Read more →

7. Common Mistakes When Signing Purchase Agreements
   What to watch out for and how to avoid pitfalls.
   Read more →

Why Be Careful with DIY Templates

“Purchase agreement template free” is a very common search term. But templates without legal review are a frequent cause of problems. They don’t reflect your specific situation and often contain outdated provisions. For real estate or higher-value deals, a poorly drafted contract can have catastrophic consequences.

Lawyer’s Recommendation

From my practice, I recommend:

• For movables: include a detailed description and clear warranty terms.

• For real estate: never sign without legal review and lawyer’s escrow.

• Always agree on transfer of ownership and risk of damage in advance.

Checklist: What to Double-Check

✔ correct identification of the parties
✔ precise description of the subject of purchase
✔ clearly agreed price
✔ legally required form
✔ provisions on defects and risks

FAQ

Does every purchase agreement have to be in writing?
No, only real estate contracts.

When does ownership transfer?
Usually upon delivery of the item; for real estate, upon registration in the Land Register.

How are hidden defects handled?
Through warranty claims, price reduction, or withdrawal from the contract.