North Dakota Purchase Agreement Templates

There are many types of purchase agreements regulated by North Dakota law. Read on to learn how to complete a North Dakota purchase agreement for real estate, land, business, asset, or stock purchases.

North Dakota Real Estate Purchase Agreement

A North Dakota home purchase agreement or real estate purchase contract must be written and include the following information:

• Terms and conditions of the sale
• Names of all parties involved (buyer and seller)
• Legal property address

North Dakota requires that sellers complete a Property Disclosure Form to disclose any facts that could impact a buyer’s use or enjoyment of the property. If this North Dakota real estate form is not complete or inaccurate, the purchase is not legally binding in the state.

Sellers are also required to complete a Lead-Based Paint Disclosure Form.

North Dakota Business Purchase Agreement

You will need a North Dakota purchase contract, also called a business sales agreement, to buy or sell a business.

A business purchase agreement must provide the following information in writing:

• Names of all parties involved (buyer and seller)
• Inventory included in the sale
• How the business will be run before closing the sale
• Level of access buyer will have to information before closing
• Assets and liabilities
• Terms and conditions, adjustments, broker fees, and other relevant aspects to the sale

North Dakota Asset Purchase Agreement

An asset purchase agreement is a contract detailing the sale of a business to a buyer.

An asset purchase agreement in North Dakota includes the following information:

• Names of all parties involved (buyer and seller)
• Price and fee allocations
• Training and transition assistance
• Taxes, assessments, inventory, and other prorations
• Reps and warranties of buyers and sellers
• Maintenance of the company and how to handle damages
• Closing information, contingencies, and other relevant details to the sale

North Dakota Land Purchase Agreement

Land purchase agreements in North Dakota must include the following information in writing:

• Terms and conditions of the sale
• Names of all parties involved (buyer and seller)
• Legal property address

As with real estate purchases, North Dakota requires sellers to complete a Property Disclosure Form to their knowledge. Find this and all other North Dakota real estate forms on the Real Estate Commission website.

North Dakota Stock Purchase Agreement

A stock purchase agreement is a written document to record a stock transfer from a company to a shareholder.

A stock purchase agreement in North Dakota includes:

• Legal names of all parties involved (buyer and seller)
• Purchase and sale details (number of shares, class of stock, etc.)
• The purchase price for each share
• Other terms and agreements relevant to the stock purchase

Frequently Asked Questions

Review these common questions before creating your purchase agreement.

The easiest way to write a purchase agreement in North Dakota is to download a pre-made form with the required information. Otherwise, you will need to create a purchase agreement yourself or with the help of an attorney.

No, not all purchase agreements do not need to be notarized in North Dakota.

Download a template that includes all the information you need for your purchase agreement. Once you have your template, enter your information to fill out your North Dakota purchase contract.