Download Purchase Order Sample Form Below
What is a Purchase Order?
A purchase order generally referred to as PO is a commercial document prepared and issued by a buyer to request goods from a supplier. It details the items the buyer agrees to purchase at a certain price point.
It also outlines the descriptions, quantities, prices, discounts, payment terms, date of performance or shipment, other associated terms and conditions, and identifies a specific seller. Also called order.
When a seller accepts a purchase order, a legally binding contract is formed between the two parties. In addition, the buyer should always clearly and explicitly communicate their requests to the seller so there is no confusion when the purchase order is received.