Adls Purchase Security Agreement


When it comes to purchasing anything, security is always a concern. This is especially true when it comes to bigger purchases like buying a house or a car. That’s where the ADLS Purchase Security Agreement comes in. This agreement is designed to provide security and protection for both buyers and sellers during the purchase process.

What is ADLS?

ADLS stands for Auckland District Law Society. The ADLS produces a range of standard legal documents commonly used in New Zealand, including the ADLS Purchase and Sale Agreement, which is used for buying and selling property. The ADLS is a non-profit organization that provides support and resources to lawyers in New Zealand.

What is a Purchase Security Agreement?

A Purchase Security Agreement is a legal document that outlines the terms and conditions of a purchase. It is used to protect both the buyer and seller during the purchase process. The agreement sets out the details of the transaction, including the price, payment terms, and any conditions that must be met before the sale can be completed.

Why is a Purchase Security Agreement important?

A Purchase Security Agreement helps to protect both buyers and sellers. For buyers, it provides a guarantee that they are getting what they paid for, and that there are no hidden issues with the purchase. For sellers, it ensures that they receive payment for the goods or services they provide, and that the sale is completed as agreed.

What does the ADLS Purchase Security Agreement cover?

The ADLS Purchase Security Agreement covers a range of issues, including:

1. The purchase price: This includes the price of the goods or services being purchased, as well as any additional costs such as taxes or fees.

2. Payment terms: This outlines the payment schedule, including when payments are due and how they should be made.

3. Delivery and acceptance: This outlines the terms for delivery of the goods or services, as well as the conditions for acceptance.

4. Warranties and representations: This outlines any warranties or representations made by the seller about the goods or services being purchased.

5. Indemnification: This outlines the terms for indemnification in the event that something goes wrong with the purchase.

6. Dispute resolution: This outlines the process for resolving any disputes that may arise during the purchase process.


The ADLS Purchase Security Agreement is an essential document for any purchase, especially larger ones like property and vehicles. It provides protection and security for both buyers and sellers, ensuring that the transaction is completed under fair and transparent terms. With this agreement in place, both parties can have peace of mind knowing that the purchase is secure and protected.