Document background
The Simple Agreement of Sale is a fundamental legal instrument widely used in the Philippines for documenting the transfer of ownership in sale transactions. This document type is particularly useful for straightforward sales where parties need a clear, legally compliant agreement without complex conditions or terms. The agreement is designed to comply with the requirements of the Civil Code of the Philippines and related commercial laws, making it suitable for both business-to-business and business-to-consumer transactions. While maintaining simplicity, the Simple Agreement of Sale includes all essential elements required for a valid sale contract in the Philippines: competent parties, subject matter, price certain, and consent. It's commonly used for transactions involving goods, equipment, or simple property transfers where extensive negotiations or complex terms are unnecessary.
