Sales Contract

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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 ?
This lower grade commissioning concentrate is being produced and sold on a spot basis ahead of Sandfire s main copper concentrate sales contracts, which commence in January 2013.
KARACHI -- The Karachi Cotton Association (KCA) has expressed its concern over the suspension of Registration of Export Sales Contracts of raw cotton by the Trade Development Authority of Pakistan (TDAP).
12 /PRNewswire-FirstCall/ -- Oracle today announces Oracle Sales Contracts, a solution that helps companies gain control of their contract processes, provides visibility to contractual agreements and helps enforce compliance.
Many companies explicitly require or permit net settlement in their purchase and sales contracts as a matter of course, expecting that these terms would be used infrequently, but serving as a protective device in unusual circumstances.
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.
He noted flint despite practices in downstate New York counties, lawyers in 37 states have largely been eliminated from simple residential sales contracts in cases where there is a broker, a lender and a title company involved.
Long-term power sales contracts that qualify as leases are not covered by this EITF abstract.
There are a number of important factors that could cause the company's actual results to differ materially from those indicated by such forward-looking statements, including our performance under existing BioThrax[R] sales contracts with the U.
The Company reported that it entered into new sales contracts valued at $31,488,813 (193 units) during the second quarter of 1997, representing an increase of 3% over new sales contracts valued at $30,478,460 (184 units) during the second quarter of 1996.
based customers to get them under long-term sales contracts.
NYSE: DHI) Wednesday (July 2, 1997) reported the highest quarterly new sales orders in Company history with a 62% increase in sales contracts signed during the three months ended June 30, 1997, over the same period of 1996.
The securities issued from the owner trust structure are backed by a pool of retail installment sales contracts secured by new and used automobiles and light-duty trucks originated by MB Financial Bank (MBFB) and NetBank.