Forward Contract

Forward Contract

{Name}, henceforth known as “Seller,” and {Name}, henceforth known as “Buyer,” have agreed to enter into this forward contract with regard to the sale of {item being sold, such as a house, car, etc.}. This contract is agreed to and signed on {date}, and will be executed on the future date of {date}.

The parties agree to the following provisions:

1)    Buyer will purchase {item being sold} from Seller on {future date} for the total amount of {amount in dollars}.

2)    Buyer will pay Seller via the following payment plan:

            {details of the payment plan}

3)    Seller will provide buyer with {item, title, deed, etc.} upon {completion of payment plan, receipt of first payment, etc.}.

4)    Seller will sell {item being sold} for the amount agreed to above, regardless of the appraised value of {item being sold} on {future date}.

5)    {Item being sold} must be in {working, acceptable, excellent, etc. Be as detailed as possible} condition on {future date}. If {item being sold} is not in said condition, Buyer will not be obligated to purchase it, and this agreement will be considered null and void.

Invalidity or unenforceability of one or more provisions of this Agreement shall not affect any other provision of this Agreement.

This agreement is subject to the laws and regulations of the state of {State}.

___________________________                       __________________________

Buyer Name                                                              Buyer Signature

___________________________                       __________________________

Seller Name                                                              Seller Signature