The purchase agreement template is a legal document which outlines the different terms and conditions related to the purchase of goods. It legally obligates buyers to buy goods and sellers to sell goods according to terms and conditions mentioned in it. Generally, the terms of a purchase agreement involve identifying specific conditions that both buyer and seller agree to meet and perform as part of the transaction. Mostly, it is prepared by companies who deal in bulk purchases and for purchase of property as well. In addition, it bounds both parties to deal according to specified terms and conditions of…