sale agreement

Deal finalizing document

A sale agreement is a contract setting out the terms under which property or goods will transfer from seller to buyer.

It specifies price, payment terms, conditions, and timelines.

In real estate, a sale agreement typically precedes the closing: We signed the sale agreement but won't take possession until next month.

Also called a sales agreement or purchase agreement.

Related

due diligence · indemnity · obligation · mutual consent · signing bonus · closing date · warranty · escrow · title transfer · earnest money · breach · purchaser · agent · vendor · jurisdiction · enforceability · broker · guarantor

Categories
Opposites
formality/binding status

sale agreementhandshake deal

Unwritten mutual commitment

verbal agreement · gentleman's agreement · memorandum of understanding · oral contract · letter of intent

transaction direction

sale agreementpurchase agreement

Binding document for transactions

lease agreement · rental agreement · licensing agreement · loan agreement

transaction outcome

sale agreementtermination agreement

Contract formalizing job's end

rescission · contract termination · contract breach · repudiation

Family

sale, agreement, sales, selling, seller, sellers, resale, resell, agree

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Used worldwide · Timeless · Rated G