Agreement of Sale

An Agreement of Sale is a legal document between a buyer and seller that outlines the terms and conditions for the transfer of property or goods. It specifies details like the price, payment terms, property description, and any conditions that must be met before the sale is finalized. This agreement serves as a binding contract ensuring both parties understand their obligations, providing clarity and protection. It typically precedes the formal transfer of ownership and helps prevent disputes by clearly documenting the agreed-upon terms of the transaction.