Parties (Buyer and Seller)

In a business transaction, there are two main parties: the buyer and the seller. The buyer is the person or entity looking to purchase goods or services, while the seller is the one offering those goods or services for sale. This relationship is fundamental to commerce, as the buyer exchanges money for the seller's products or services, which must meet agreed-upon terms regarding price, quality, and delivery. Each party has distinct responsibilities and rights to ensure a fair and successful transaction.