Sales Agreement (Noun)
Meaning
An agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer); "the salesman faxed the sales agreement to his home office".
Classification
Nouns denoting communicative processes and contents.
Examples
- The lawyer reviewed the sales agreement carefully before signing it.
- The customer was unaware of the clause in the sales agreement that allowed the company to terminate the contract at any time.
- A sales agreement is a legally binding contract between two parties for the sale and purchase of goods or services.
- After months of negotiation, the parties finally reached a sales agreement and shook hands on the deal.
- The sales agreement specified that the buyer would pay 20% of the purchase price upfront and the remaining balance within 30 days.