What is a special sales contract
A real estate sales contract (aka purchase and sales agreement, purchase agreement) is a contract for the sale of real estate, establishing the legal rights and obligations of both buyer and seller, both in regard to the property itself and to the real estate transaction. A sales contract is a formal agreement between a buyer and seller for the exchange of goods, services, or property for payment or promise of payment of a certain value. A sales contract will spell out certain terms and conditions such as price and delivery. A sales contract is a contract contemplating the future sale of goods between a buyer and seller. Although the goods might be exchanged immediately after the parties sign the sales contract, the important point to remember is that it is used prior to any goods being exchanged.