contract of sale


Also found in: Encyclopedia, Wikipedia.

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 ?
Based on a framework contract of sale purchase of vacuum technology products within the framework of the implementation of the ELI laser research center (ELI-ALPS), a major project phase 2 (P4) of section 5 as detailed below:
There is one statement in the article that needs further clarification - "in 2011 the government introduced a 'specific performance law' which grants a contract of sale precedence over any pre-existing mortgage.
You must leave the fixtures and fittings and other contents that you have itemised in the vendors' fixtures and fittings list, approved by you and given to your solicitor in the contract of sale.
We anticipate that our operating initiatives will result in the property generating cumulative annual NOI growth in excess of 5%," Reckson said in a statement released on July 8, the day the contract of sale was announced.
The company uses a simple 16-page, double-spaced contract of sale that mom-and-pop sellers like immensely.
The sale is subject to the negotiation of a definitive contract of sale, and governmental and other necessary consents or approvals, including Goodyear's board of directors.
One Liberty also announced that a contract of sale has been executed with a different purchaser, pursuant to which an additional movie theater property, owned by an entity wholly-owned by one of our joint ventures, is to be sold for a consideration of $16,000,000.
Contract notice: Purchase of services combined with a contract of sale subject of climate chamber pieces -1 (part i); -1 item in the purchase contract of sale the subject of calibration software (part ii.
In a brokerage case recently decided by a New York court, the purchaser testified that it had $40,000 of the $400,000 deposit required for a contract of sale but that because of his "fine credit standing" he could obtain a mortgage loan for the balance.
The contract of sale may be a helpful tool to the broker on a motion, but until recently, was under-utilized.
OTC: DMGS) is pleased to announce the finalization of a contract of sale with one of the nation's largest residential construction companies for the sale of 175 residential building sites in Poinciana, Fla.
1 / 0043 program, the purchase of medical equipment for hospitals and health care facilities need to subject the project realization of medical equipment to obtain the contract of sale.