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 ?
If your house sales contract refers to the building and its contents, the situation will become easier for you.
: In the framework of a sales contract, "procurement of a car by offsetting to the presidential office of the republic".
(The notice must be dated and given in writing and delivered to the purchaser directly by registered mail, email or any other method specified by the Land Department.) If the developer and buyer subsequently reach an amicable settlement, it must be added to the sales contract and signed by both.
At its root, a sales contract is a verbal or written agreement between a buyer and seller "in which the terms, conditions and details of the transaction are specified," according to NACM.
In Northern Appalachia, Rhino Resources shipped on its base-load sales contract at the Hopedale operation during the first quarter and they continue to seek additional sales contracts.
Energy saving company NF Energy Saving Corporation (Nasdaq:NFEC) reported on Tuesday the launch of a USD220,000 sales contract in Indonesia.
International Resource News-January 5, 2016--NF Energy Saving signs sales contract with Huadong Power Design Institutes
Sydney, Australia, Mar 25, 2013 - (ABN Newswire) - Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed a short term gas sales contract with Alaska Pipeline Company ("APC"), a wholly owned subsidiary of SEMCO Energy, Inc.
(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.
Some customers will perform due diligence and provide very reasonable sales contract dollar values.
of San Francisco) offers this comprehensive legal text on international sales contract law, helping both students and practitioners have a better understanding of the UN Convention (CISG) and related transnational law.
The employee is entitled to the excess price (actual price of the home in excess of the appraised value) if and when the RSC closes on a sales contract with a third-party buyer.