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Agreement to sell

Agreement to sell

by Md. Mirazul Islam Alif -
Number of replies: 0

An "agreement to sell" is a legal contract between two parties, typically a buyer and a seller, outlining the terms and conditions for the future sale of a property or goods. In this agreement, the seller agrees to sell a specific asset, and the buyer agrees to purchase it at a later date, subject to certain conditions being met.


Key points about an agreement to sell include:


1. Future Transaction

2. Conditions Precedent

3. Title Transfer

4. Legal Implications

5. Payment Terms

6. Default and Consequences

7. Registration


Once the conditions mentioned in the agreement are met, a sale deed is executed, completing the transfer of ownership. Until then, the agreement to sell acts as a legally binding commitment between the parties.