Sale Agreement
/ˈseɪl əˌɡriːmənt/
Definitions
- (n.) A legally binding contract whereby a seller transfers ownership of goods, property, or services to a buyer for a price.
The parties signed a sale agreement outlining the terms of the property transfer.
- (n.) A written document setting forth the terms and conditions under which the sale of assets occurs.
The sale agreement specified payment terms and delivery dates.
Forms
- sale agreement
- sale agreements
Related terms
See also
Commentary
Ensure clarity on parties, price, subject matter, and conditions to prevent disputes; customization according to jurisdiction is often necessary.
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.