|Course:||2: Acquiring Your Collections|
|Lesson:||Lesson 4: Acquiring Historical Records and Establishing Legal Control of Them|
|Topic:||Legal Control: Purchase Agreements|
A purchase agreement is used when your organization buys the records for a specific sum of money.
Before you purchase historical records you'll need to make sure the person selling the records has clear ownership of them.
The documentation of a purchase may be as simple as a bill of sale or as complex as a formal contract. You should consider having legal counsel review the documentation, especially if it is a contract, before the purchase is made in order to protect your interests.