An agreement to sell is a legal contract between a buyer and a seller outlining the terms and conditions of a future sale. It typically includes details such as the property or goods being sold, the agreed-upon price, payment terms, and the date of the actual transfer. This agreement sets the foundation for a formal sale to take place at a later agreed-upon date.
The following points are included in agreement to sell -
1. Identification of Parties
2. Description of Property/Goods
3. Price
4. Payment Terms
5. Delivery/Possession Terms
6. Conditions Precedent
7. Default and Remedies
8. Date of Sale Completion
9. Representations and Warranties
10.Signatures and Witnesses
11.Governing Law
Always seek legal advice to ensure the agreement is comprehensive, legally binding, and tailored to the specific circumstances of the transaction.