A "contract for sale of goods" is a legal agreement where the seller of goods transfers ownership of the goods to a purchaser for an agreed upon price. For example, a "Contract for Sale of Goods" can be used for the sale of expensive equipment. Key issues typically addressed in a Contract for Sale of Goods include:

Identification of the specific goods to be sold

• Sales price and time when payment is to be made
• Representations & warranties of the seller, such as representations a to ownership and no liens or encumbrances on the goods
• The manner of delivery or pick-up of the goods
• The condition of the goods
• Dispute resolution mechanism (such as binding arbitration)
• Any disclaimers by the seller