A legal agreement between a seller and buyer outlining the terms of sale, including payment, delivery, warranties, and dispute resolution.
A sales contract is a legal document that outlines the terms and conditions of a transaction between a buyer and a seller. It includes details such as the price of the item being sold, payment terms, delivery schedules, warranties, and any other terms that both parties agree upon. The purpose of a sales contract is to protect both the buyer and the seller by clearly defining the expectations and responsibilities of each party. It is important to have a sales contract in place to avoid misunderstandings or disputes that may arise from the transaction.