Sales Agreement

A sales agreement is an agreement to buy and sell personal property that include but are not limited to cars, equipment or furniture. The contract confirms that sale and purchase of the asset. This form is not intended for use in the sale and/or purchase of real estate.

Knowing the pitfalls and how to avoid them can save both the seller and buyer headaches down the road. A proper form provides both legal protection and a peace of mind.

What are the main pitfalls and how to avoid them?

1. Never use a handwritten agreement as it is almost always incomplete and contains errors.

2. Never use a free form downloaded from the Internet as it is also almost always incomplete and contains errors.

3. Never agree to sign a sales agreement at time after the transfer of the asset.

4. Never accept verbal promises for payment especially from family and friend.

In all the cases above, a headache down the line may arise for both the seller and the buyer. The seller usually assumes that once they receive the cash they have nothing to worry about. This turns out to be untrue in many scenarios. One such scenario is that the asset sold is not properly described in the sales agreement. The buyer is unhappy at a later date claiming misrepresentation of the asset sold. This may be due to a miscommunication. A lawsuit would ensue that could have been prevented with a proper sales agreement.

A proper attorney drafted sales agreement contains the following main clauses:

1. Proper descriptions of the asset or assets sold.

2. Clearly stating the asset is sold as is and they buyer has thoroughly inspect the asset purchased.

3. Seller warranting they are they legal owner of the asset sold.

4. Amount and terms of payment. This includes dates if payment is to be made in installments.

5. Delivery terms. This may be at the time of purchase or at a later date. This is especially important when dealing with large items.

6. Does not leave room for misinterpretations.

It a sales agreement an absolute must?

Yes, it is an absolute must. Most importantly, the contract ensures that the legal rights of both the seller and buyer are fully protected. Nobody wants any unexpected surprises or headaches down the road. As a general rule, it always best to err on the side of caution.

How To Trade Binary Options In An Easy Manner


There are a number of options, which traders can use as they venture into the Forex trade. One such method is the binary options trading. Learning how to trade using this method, especially for beginners in Forex trade, is a great step in ensuring that the business is profitable to them. The purpose of this article is to educate beginners in Forex on how to trade using the binary options, sometimes referred to as digital trading options.

What is binary options trading?

Before learning on how to trade using this method, it is important for one to understand what this method of Forex trading means. Binary options trading, unlike the traditional Forex trading options, involves the trader taking either a yes or a no position with regard to the price of a financial asset. The method is straightforward with a fixed reward and fixed risk, that is, the resulting payoff (on taking a yes or no position), is all or nothing. The various types of binary options are range options, touch or no touch options, calls versus puts options, and double touch versus no double touch options.

The key elements Understanding the major ingredients in this trading method is the first step to conceptualizing on how to trade using this method. Regardless of the type of binary options, there are three key elements that any Forex trader needs to consider. The elements are the strike price, the payout offer, and the expiry time. The strike price refers to the current price of the asset, at the time the trader enters the trade. The strike price is the one that is used to determine whether a trader wins or loses.

On the other hand, a payout offer is the amount, which the binary options broker is offering the trader, and it is known from the onset before the trader risks any money. The expiry time refers to the length of time between the moment of buying the option up to the moment when the contract closes (ranges between 60 seconds and a month). How to trade From the trader’s point of view, the digital trading option works by the trader predicting whether the price of a given asset, be it a commodity, stock, currency or any other asset, is going to increase or decrease within a given amount of time. In other words, the trader bets money on this given prediction.

The minimum trading money that the trader risks can be as little as 10 dollars. From the onset, the trader is shown the amount of money that he will earn in case the prediction is correct. The trader will pay for losing trade using the money risked. That is, if the trader’s prediction is wrong, he will lose the bet and the money that he risked. On the other hand, if the trader’s prediction is correct, he will get the money that he risked back as well as a return whose range is usually between 70% and 85%. An example of how to trade Assume that the current price of gold is $1890.50 and a trader predicts that two hours from now the price of gold will go down. The payout offer is 70% and the trader places $100 bet on the prediction. Two hours later, the contract expires and the price of gold goes down to 1890.25. This means that the trader predicted correctly. As such, the trader will get the $100 and a 70% return, which is $70 dollars, amounting to $170 regardless of the magnitude of price change. How to trade binary options for greater profitability For one to trade successfully and earn great profits, a combination of a polished technique and an unbeatable strategy are essential.

Some of the strategies for trading binary options are using price action in decision-making, risk management such as bankroll management, and technical analysis such as reading candlestick charts. How to trade binary options safely There is a significant amount of risk involved in this method. This is because one pays, through the trade money, for losing trades. As a rule of the thumb, one should never invest more money with a broker that he or she can afford to lose.

Valuing Your Business

Continued from Part 1, in this article, we will discuss two of the five methods of business valuation: intrinsic value and investment value.

Intrinsic value:

To determine the Intrinsic Value of a business, a valuator will compare the difference between the business’s value as calculated through a valuation with the value of the business being traded in the open market.

Expressing this numerically, if Acme, Inc. is trading in the market at $50.00 per share, but the value of the company is $75.00 per share when analyzed by a valuation professional, then Acme, Inc. has $25.00 of intrinsic value. $75.00 – $50.00 = $25.00.

By this method, the Acme, Inc. stock is evidently undervalued, so an investor who noticed the opportunity this discrepancy provides could purchase the stock at $50.00 with the expectation that the stock will rise toward its true Intrinsic Value as other investors perceive the same opportunity. Of course, there is no guarantee that Acme, Inc. stock will appreciate to its Intrinsic Value, or, if it does, how long the appreciation will take.

Investment value:

Though largely a subjective valuation, Investment Value is determined by the abilities of an investor to perceive an opportunity and take action based on their skills and experience with appraising a situation. An investor calculates the opportunity using knowledge, risk analysis, return characteristics, earnings expectations and a variety of other assessment techniques. Here is an example to explain Investment Value:

The investment being appraised is a 100-unit apartment building offered for sale in a desirable community. Three investors are interested in purchasing this building as an investment for upgrade and resale.

The first investor’s business model is investing and managing apartment buildings, and he values the building at $100,000 per door for a total value of $10,000,000 (100 units x $100,000 = $10,000,000).

The second investor’s business model is buying apartment buildings and converting them to condominiums; he then sells them at a premium. This investor values the property at $150,000 per door for a total value of $15,000,000. (100 units x $150,000 = $15,000,000).

The third investor’s business model is buying properties and redeveloping them to their greatest potential for return. He can afford to pay $200,000 per door for a total of $20,000,000. (100 units x $200,000 = $20,000,000).

Investor Value Perspective Business Intention

Investor 1 $10,000,000 Manage apartments

Investor 2 $15,000,000 Convert to condos/resell

Investor 3 $20,000,000 Development project

Which investor’s perception of the apartment building’s value is the right one? Each investor saw a different opportunity and a different Investment Value based on their perception of a familiar outcome.

All three investors are correct with their individual valuations because each of them perceived a unique value based on their knowledge and abilities. This is Investment Value.


A business valuation is conducted for a specific purpose, and that purpose will determine which of the five standards of value will be applied in your valuation. The Fair Market Value standard is the most common because of its use by the IRS and the courts, though the other types are useful in particular circumstances. Valuations should only be conducted by trained, accredited professionals.

How to Shop Around for the Best Checking Account

Whether it is your first back account or your fifteenth, choosing a bank account should always be done with careful consideration. If chosen haphazardly or on a whim, your new bank account can prove to be the cause of many unnecessary headaches, and even end up costing you a lot of money in checking fees. There are a few questions you should ask yourself to determine whether or not a bank meets the right criteria to be the right bank for you.

1) The first thing to determine is exactly what kind of bank account you are looking for, and what needs of yours must be met by this bank. For example, do you want to have a brick and mortar bank that you can walk into and talk with a banker if needed? Or do you operate mostly online or remotely, and therefore need a bank with strong online capabilities? Is the account a business or a personal account? Some banks will specialize in business or personal accounts, so that will be a good factor to take into account. Also, it’s a good idea to determine what kind of services you like to have in a bank, such as direct deposit, mobile banking, convenient ATM locations, etc. Once you know what you want and what you need, it becomes easier to single out the right bank account for you.

2) Ask friends and family about where they bank and why. This is one of the best ways to shop around, based on your interests and word-of-mouth from people you trust. Doing online research is also crucial to narrowing your list of banks that you have listed. One of the biggest benefits of the internet is the ability to read reviews of businesses online, though these are best taken with a grain of salt.

3) Find out if the banks on your list are FDIC insured. This means that the bank is insured and regulated by the Federal Deposit Insurance Corporation. Before moving any funds or setting up direct deposit into a bank account it is a good idea to make sure the bank is FDIC insured in order to protect your money.

4) Do some research into the different types of accounts. If you know for sure what type of account you are looking for from Step 1 (above) then this step may not apply, however, it is a good idea to find out what other kinds of account are available for future reference. Make sure you know the difference between a Checking, Savings, and Money Market account, and what interest rates are available for money market, interest earning savings accounts, and interest earning checking accounts.

5) One of the most important parts of choosing a new bank account is finding out about checking fees. A bank that has no fees is the best option, but there are also banks with low fees or minimum requirements. The key is to ask about any and all fees related to the account, especially hidden bank fees and monthly fees for minimums not met. It’s also a good idea to ask about overdraft protection, which pulls from savings to cover over drawn money from your checking account. Many banks offer this at no extra cost.