Dictionary of Business Terms: sales contract
sales contract
contractby which buyer and seller agree to the terms of sale. contract.
Dictionary of Real Estate Terms: sales contract
sales contract
a contract by which the buyer and seller agree to the terms of sale. Same as agreement of sale, earnest money contract.
Example: Carter and Dooley sign a sales contract, which specifies the property to be sold, type of deed, closing date, price, financing conditions, and other details.
