Purchase and Sale Agreement

A Purchase and Sale Agreement is a legal contract between a buyer and seller detailing the terms of a transaction involving property, such as real estate or assets. It outlines the price, payment schedule, property description, and any conditions that must be met before the sale is finalized. This agreement protects both parties by clarifying their rights and responsibilities, ensuring a smooth transfer of ownership. After both parties agree and sign the document, it serves as a binding commitment to complete the sale under the specified conditions.