purchase agreement
Deal to buy
A purchase agreement is a legally binding contract between a buyer and seller that specifies the terms of a transaction—price, conditions, timelines, and what happens if either party fails to perform.
Real estate transactions typically require one: We signed the purchase agreement last week, but closing isn't until the 15th.
Also called a sales agreement or purchase contract.
- priceMonetary value assigned
- real estateLand and its structures
- contractEnforceable written agreement
- title deedDocument proving property ownership
- negotiationDiscussion seeking mutual accord
deposit · escrow · closing date · clause · earnest · good faith · goods · buyer · contingency · home inspection · warranty deed · seller · conveyance · termination · walk away · indemnity · closing costs · sign on the dotted line
- real estatehouse, home, apartment, property, sale
- contractsbinding contracts, contract length, lease, clause, contract terms
- business documentsarticles of incorporation, invoice, charter, bylaws, contract
- business saleacquisition, buyout, merger, stock sale, going concern
- legal documentscontract, affidavit, deed, will, subpoena
- livestock auctionsauctioneer, auction barn, auction block, stockyard, cattle market
purchase agreementhandshake deal
Unwritten mutual commitment
gentleman's agreement · verbal agreement · oral contract · letter of intent · verbal promise
purchase agreementtermination agreement
Contract formalizing job's end
cancellation notice · contract termination · breach of contract · failed transaction · void contract