Purchase Contract (Noun)
Meaning
A contract stating the terms of a purchase.
Classification
Nouns denoting communicative processes and contents.
Examples
- The buyer signed the purchase contract to confirm their agreement with the seller.
- The purchase contract included a clause that allowed the buyer to back out if the property had any major defects.
- The lawyer reviewed the purchase contract carefully to ensure that the seller was complying with all of the terms.
- The purchase contract was contingent on the buyer securing financing for the property within 30 days.
- Before making an offer, the buyer's agent provided them with a sample purchase contract to review and understand the terms.