Purchase and Sale Agreements

A Purchase and Sale Agreement (PSA) is a legal contract between a buyer and a seller outlining the terms of a transaction for buying or selling a property or item. It specifies details such as the purchase price, payment terms, closing date, and any conditions that must be met before the sale is finalized. This agreement protects both parties by clearly defining their rights and obligations, helping to avoid misunderstandings and disputes during the transaction process. Essentially, it’s a formal handshake that ensures everyone is on the same page about the sale.