Sale Contract
/ˈseɪl ˈkɒntrækt/
Definitions
- (n.) A legally binding agreement whereby the seller agrees to transfer ownership of goods or property to the buyer for a price.
The parties entered into a sale contract for the purchase of the vehicle.
- (n.) A contract involving the sale of real estate or personal property under specific terms and conditions.
The sale contract outlined the payment schedule and delivery terms for the residential property.
Forms
- sale contract
- sale contracts
Related terms
See also
Commentary
A sale contract must clearly state the terms of the sale including price, delivery, and transfer of title to avoid disputes.
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.