Sale of Goods Contract
/ˈseɪl əv ɡʊdz ˈkɒntrækt/
Definitions
- (n.) A legally binding agreement for the transfer of ownership of goods from seller to buyer for a price.
The sale of goods contract specified the quantity and delivery date clearly.
Forms
- sale of goods contract
- sale of goods contracts
Related terms
See also
Commentary
This term is often governed by specific statutes like the Uniform Commercial Code in the U.S., emphasizing the transfer of ownership and buyer-seller relationship.
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.