Definitions for "SALES CONTRACT"
An agreement between a buyer and seller to purchase real estate.A sales contract, also known as an offer to purchase or a binder, secures the right to purchase real estate upon agreed terms for a limited period of time.If the buyer changes his mind or is unable to purchase, the earnest money that was paid is forfeited unless the binder expressly provides that it is to be refunded.
A contract between buyer and seller setting out the terms of sale. Back to the Top
Contract between a seller and buyer for the sale of goods, services, or both.
A financing device used mainly in low down payment transactions where the vendor retains legal title while the vendee acquires equitable ownership of the property.
Keywords:  proper, chosen, context, thus, read
a legal document, thus you can read it to see whether the words and terms chosen are used in their proper context
a promise to convey property in exchange for something (usually money)