Buyer
/ˈbaɪ.ər/
Definitions
- (n.) A person or entity who purchases goods, services, or property in a transaction.
The buyer agreed to the terms and signed the purchase agreement.
- (n.) In contract law, the party who receives goods or property in exchange for payment, assuming ownership rights upon completion of the sale.
The buyer took possession of the car after paying the full price.
Forms
- buyers
Related terms
See also
Commentary
In drafting, clearly identify the buyer's obligations and rights to avoid disputes over payment and delivery.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.