SayPro Disposal/Sale Agreement Template: A template for contracts or agreements regarding the sale or disposal of surplus assets, including terms and conditions.

Certainly! Below is a detailed Disposal/Sale Agreement Template designed for SayPro. This template outlines the terms and conditions for the sale or disposal of surplus assets, ensuring clear communication, legal protection, and transparency between SayPro and the third-party vendor or recipient. The agreement covers key aspects such as asset identification, responsibilities, terms of sale, disposal methods, and compliance with legal and environmental standards.

SayPro Disposal/Sale Agreement Template

This Disposal/Sale Agreement (“Agreement”) is made and entered into as of the [Date] by and between:

SayPro
[SayPro’s Address]
[City, State, ZIP]
(“Seller”)

AND

[Vendor/Recipient Name]
[Vendor/Recipient Address]
[City, State, ZIP]
(“Buyer/Recipient”)

WHEREAS, SayPro is the owner of certain surplus assets (“Assets”) that are identified for disposal or sale; and

WHEREAS, Buyer/Recipient desires to purchase or receive such Assets, and Seller is willing to sell or dispose of such Assets, subject to the terms and conditions outlined in this Agreement.

Now, therefore, the parties agree as follows:

1. Definition of Assets

The term “Assets” refers to the surplus or unwanted property owned by SayPro, including but not limited to [insert categories, such as “office equipment, computers, furniture, electronic devices, etc.”]. A detailed list of the Assets being sold or disposed of is attached as Exhibit A to this Agreement. Each asset is described by its model, serial number, condition, and any other relevant identifying information.

2. Description of Disposal/Sale

2.1. Sale/Disposal Terms:

• Sale: If the agreement is for the sale of assets, the Seller agrees to sell, and the Buyer agrees to purchase, the Assets described in Exhibit A, for the agreed-upon sale price of [Amount in USD], payable by Buyer to Seller on or before the Closing Date.
• Disposal: If the agreement is for disposal, the Buyer/Recipient agrees to properly dispose of or recycle the Assets according to applicable laws and regulations. In such cases, no payment is required, and the Buyer assumes all responsibility for disposal.

2.2. Transfer of Ownership:

• For sales, ownership of the Assets will transfer to the Buyer upon receipt of full payment for the Assets. The Buyer will assume all risks and responsibilities regarding the Assets from the moment ownership transfers.
• For disposals, ownership is transferred immediately to the Buyer/Recipient for the purposes of proper disposal, recycling, or donation. Seller disclaims any further ownership rights after transfer.

3. Payment Terms (for Sale Agreements)

3.1. Payment Method:
The Buyer agrees to pay the full sale price of the Assets via [insert payment method, e.g., wire transfer, credit card, check, etc.] by the payment due date of [insert date].

3.2. Late Payment:
In the event that the payment is not received by the due date, a late fee of [percentage]% per month will be applied to the outstanding balance. Failure to make payment within [number of days] days of the due date may result in the cancellation of this Agreement, and the Seller may take appropriate action to recover the Assets.

4. Delivery and Risk of Loss

4.1. Delivery of Assets:
The Seller agrees to deliver the Assets to the Buyer at [insert delivery address] or a mutually agreed-upon location. The delivery of the Assets shall take place on or before [insert delivery date].

4.2. Risk of Loss:
Upon delivery of the Assets to the Buyer or their designated representative, the risk of loss or damage to the Assets shall pass to the Buyer. The Seller is not liable for any loss or damage to the Assets once they have been delivered to the Buyer.

5. Warranty and Condition of Assets

5.1. Condition of Assets:
The Buyer acknowledges that the Assets are being sold or disposed of “AS IS,” and the Seller makes no representations or warranties, express or implied, regarding the condition, functionality, or fitness for a particular purpose of the Assets. The Buyer has had the opportunity to inspect the Assets before entering into this Agreement.

5.2. No Warranty:
The Seller makes no warranty regarding the accuracy of any information provided about the condition of the Assets. The Seller is not liable for any defects, damages, or losses arising after the transfer of the Assets.

6. Disposal/Environmental Compliance (for Disposal Agreements)

6.1. Compliance with Laws:
The Buyer agrees to dispose of the Assets in accordance with all applicable local, state, and federal laws, including environmental and recycling regulations. This includes ensuring that any hazardous materials are disposed of safely and responsibly.

6.2. Environmental Impact:
The Buyer agrees to provide documentation to SayPro confirming that the Assets were disposed of or recycled in an environmentally responsible manner, in line with SayPro’s commitment to sustainability.

6.3. Documentation of Disposal:
The Buyer/Recipient shall provide the Seller with a Certificate of Disposal or similar documentation that verifies the safe and legal disposal or recycling of the Assets, no later than [insert date]. This documentation should include details about the final disposal location and the method used.

7. Confidentiality

The parties agree to keep all information related to this Agreement, including but not limited to financial terms, asset details, and any proprietary information, confidential. This obligation shall remain in effect even after the termination of this Agreement.

8. Indemnification

8.1. Buyer’s Indemnification:
The Buyer agrees to indemnify, defend, and hold harmless SayPro, its employees, officers, and agents from and against any claims, damages, losses, or liabilities arising out of the Buyer’s use, resale, disposal, or improper handling of the Assets.

8.2. Seller’s Indemnification:
The Seller agrees to indemnify, defend, and hold harmless the Buyer from any claims, damages, losses, or liabilities arising out of the Seller’s failure to transfer clear title to the Assets or any breach of this Agreement.

9. Governing Law and Dispute Resolution

9.1. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the State of [insert state], without regard to its conflict of laws principles.

9.2. Dispute Resolution:
In the event of any dispute arising out of or related to this Agreement, the parties agree to attempt to resolve the matter through mediation. If the dispute cannot be resolved through mediation, the parties agree to submit the matter to binding arbitration under the rules of the American Arbitration Association.

10. Miscellaneous

10.1. Entire Agreement:
This Agreement represents the entire understanding between the parties regarding the sale or disposal of the Assets. Any modifications to this Agreement must be made in writing and signed by both parties.

10.2. Severability:
If any provision of this Agreement is found to be invalid or unenforceable, the remainder of the Agreement shall remain in full force and effect.

10.3. Force Majeure:
Neither party shall be liable for any failure or delay in performance under this Agreement due to causes beyond their reasonable control, including but not limited to natural disasters, war, or labor disputes.

Signatures

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

For SayPro (Seller):
Name: ___________________________
Title: ___________________________
Signature: ________________________
Date: ____________________________

For [Vendor/Recipient Name] (Buyer/Recipient):
Name: ___________________________
Title: ___________________________
Signature: ________________________
Date: ____________________________

Exhibit A: List of Assets

• Asset ID
• Description
• Condition
• Estimated Value
• Serial Number/Identifier

This Disposal/Sale Agreement Template ensures that the terms and conditions related to asset sales and disposals are clearly outlined, protecting both SayPro and the third-party vendor or recipient. By defining key aspects such as payment terms, disposal compliance, warranties, and indemnification, SayPro can mitigate risks while ensuring the responsible and legal handling of surplus assets.