contract of sale

(redirected from Sale contract)
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contract of sale

a CONTRACT under which the SELLER of a product transfers or agrees to transfer the product to the BUYER of the product for a money consideration. Contracts of sale contain various terms or conditions on which the product is to be supplied including, typically, product descriptions, qualities, quantities, delivery dates and prices. Remedies for breach of contract can be sought through the Courts. See SALE OF GOODS ACTS 1979,1962.
References in periodicals archive ?
If the developer and buyer reach an amicable settlement, it must be added to the sale contract and signed by both parties.
If the percentage of completion on the off-plan project is over 80 per cent, the developer can ask the purchaser to abide by the terms of the sale contract and confiscate the paid amount.
The developer may also void the sale contract solely, retain up to 40 per cent of the sale contract's value and return the remaining amount to the buyer within a year of the date of contract cancellation or within 60 days of the date of re-selling the property, whichever is earlier.
THE deposition of a sale contract at the Land Registry creates an estate in land over the immovable property subject matter of the sale and where a part of it is sold, it burdens the whole immovable property until the issue of a separate title deed.
The first manufacturer, on the other hand, would be more likely to maintain the unaltered static forward sale contract, irrespective of the changing economic landscape.
Sale Contract Review - For $299, an attorney will review and provide comments on sale contracts as well as provide the sale contract form with addendums and disclosures.
If the percentage of completion is less than 60 per cent, the developer may void the sale contract solely, retain upto 25 per cent of the sale contract's value and return the remaining amount to the buyer within one year of the date of contract cancellation or within 60 days of the date of re-selling the property, whichever is earlier.
Then, the controller surmises, Multico could redesignate the forward sale contract as a hedge of the dividend receivable.
In addition, Fitch views favorably MEAG's maintenance of its existing amortization of its generation related debt following the recent power sale contract extension (to 2054 from 2026) and debt restructuring.
Hassenfeld entered into a variable share prepaid forward sale contract covering 1,000,188 shares of Hasbro's common stock.
and Johnelle Hunt, announced today it has entered into a five-year forward sale contract for up to 1,288,245 shares of stock.
Of the shares voted with respect to the proposal to approve the Sale Contract, approximately 98% were voted in favor of the proposal.