A purchase agreement is a legal document that is meant to outline terms and conditions related to the transaction. All the terms and conditions that they buyer and seller agree to perform are included in this document. Main contents of this document include information about parties to the agreement, description of the property to be sold, price of the property, terms of payment, obligations about possession and ownership of property etc. A purchase agreement form will be drafted and signed by both the parties keeping its legal importance in mind.
As we can say that, a purchase agreement is a legal document, obviously this formally written agreement will meant to outline the overall terms and conditions of settled deal along with other crucial stuff, i.e. method of transaction, terms and conditions of agreement, info of both parties, period of agreement, renewal procedure, etc. Typically, this purchase agreement template will generate when the buyer and seller both will agreed to sign a deal of purchase under the statement of settled terms. Thus, the main content of this document also include all the data a general sort of agreement may also include, just like; information about parties, terms of agreement, references, description of the property to be sold, actual price of the property, payment procedure, obligations about possession, criteria of ownership transfer, property info, & even more.
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