Sales Contract

Sales Contract

Contract between a seller and buyer for the sale of goods, services, or both.

Sales Contract

A contract between two parties in which one relinquishes ownership of some asset in exchange for some monetary compensation. Sales contracts specify the terms of sale, which may take any of several forms. In a cash sale, the seller receives cash or a cash equivalent immediately in exchange for the asset. In a credit sale, the seller surrenders ownership immediately in exchange for future payment, often with interest.

sales contract

See agreement of sale.

References in periodicals archive ?
Sales contract with the head gardener Management Company for the purchase of 1 new cserepezog?
PCY) announced that it had entered into a coal sales contract with a local Mongolian direct reduced iron (DRI) manufacturing plant, for the sale of 22,100 tonnes of thermal coal from the PCY's Ulaan Ovoo mine.
The GAO recommended the Forest Service finalize new regulations for canceling timber sales contracts and complete a new standard timber sales contract that the agency has been working on since the late 1980s.
1, with the terms of the sales contract left intact, government officials said.
In other words, you don't have to explicitly provide for these conditions in a sales contract -- whether as a seller or a buyer -- to have them apply.
Since there was no sales contract, the seller cannot be deemed to have defaulted so as to become liable for the broker's commission.
Together with the first sales contract signed in July this year, this increases the total number of sales contracts in place for copper concentrate production from DeGrussa to four.
Suppose the subsidiary has a sales contract with a customer, and in order for it to satisfy the contract, the parent must supply the goods.
the top choice for enterprise-wide contract management (CM), today announced powerful upcoming enhancements to its sales contract management offering.
The company is discussing a new gas sales contract for production from Pailin and other fields in Block 12/27 with the Petroleum Authority of Thailand (PTT).
Previous to last month's acquisition, Zero Halliburton and ACE operated under a sales contract with ACE acting as a distribution agent in Japan for Zero Halliburton.
PAIM's marketing efforts will be brought to the next level with CEO Jason Piamonte's scheduled visit before the end of the month to Geneva and Zurich, Switzerland, to firm up the long-term sales contract for more than 10 metric tons of gold bullion with a company that has built up its expertise in metals trading.