purchase contract
Sale finalization paperwork
A purchase contract is a legally binding agreement between buyer and seller that sets the terms of a transaction—price, conditions, timelines, and what happens if either party fails to perform.
The term appears most often in real estate: We signed the purchase contract on the house last Tuesday.
Also called a purchase agreement or sales contract.
- offerProposal to provide
- statute of fraudsLaw mandating written contracts
- formShape or document
- enforceabilityCapacity for legal compulsion
- signed sealed deliveredCompleted with full commitment
real estate · acceptance · meeting of minds · performance · earnest money · liability · consideration · jurisdiction · confidentiality · payment terms · guarantees · contingency · warranty · escrow · closing date · home inspection · buyer beware · representations
- property transfertransfer of ownership, title, property transfer, lease, conveyance
- sales contractssales agreement, bill of sale, deed of sale, buyer agreement, installment agreement
- pet documentsvaccination records, health certificate, pet passport, adoption papers, pedigree papers
purchase contractreceipt
Written payment acknowledgment
bill of sale · sales receipt · letter of intent · memorandum of understanding · invoice
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