Literally, the sale means „an act or process of selling something“ is called sale. Although the signing of the sale agreement does not mean that the sale has been completed, it is a decisive step in that direction. For this reason, buyers must be fully aware of the terms and conditions set out in the agreement. While in accordance with the sale of the loss is suffered by the seller, since the goods have not yet been sold; even if they are in the buyer`s possession at the time of the loss. A deed of sale is a legal document that proves that the seller transferred absolute ownership of the property to the buyer. Through this document, the rights and interests of the property are acquired by the new owner. A deed of sale usually consists of the following information- A big difference between a non-contractual sale and a sale agreement lies in the question of liability. These conditions include the amount at which it will be sold and the date of future payment. The concept of the contingency contract, as defined in Section 31 of the Indian Contract Act 1872, can also be incorporated into this concept. Thus, a contract is to sell a contract, do something or not to do if certain event security to such a contract, occurs or does not occur.

What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996. Similarly, the seller obtains the right to obtain the buyer`s consideration in accordance with his part of the terms and conditions. Sales agreements are also a kind of sales contract, but they can be more in-depth and more binding than a simple sale. The Supreme Court also reaffirmed the importance of the contract of sale between the owner and the purchaser, since it recently decided that the period of awarding a dwelling unit to a home buyer should be taken into account from the date of the owner-buyer agreement and not from the date of registration of the project under the Real Estate Act (regulation and development). , 2016. The court also ordered the rera authorities to order the payment of compensation by the contractor, in accordance with the sales contract whose unsealability was upheld by this decision. The sales contract is for sale when time runs out or if the conditions under which ownership of the goods must be transferred are met. It is not limited to the Indian Contract Act of 1872 and the Property Act of 1930, but also extends to the Transfer of Property Act 1882 and the Motor Vehicles Act of 1988. In any event, to include an essential agreement for sale under this Act, it must provide consistent and convincing evidence of understanding between the competent parties, the costs of the products and the disclosure of product characteristics. Therefore, without the actual exchange of property in the merchandise by the seller to the buyer, there can be no agreement by any imaginative range. In a sales agreement, the contract clearly sets out the price a buyer is willing to pay either for the merchandise or to fulfill a particular condition.

Both parties must accept these terms and sign the contract in order to validate it. In the case of a sale agreement, a seller may resell the product to a second buyer as long as the second buyer makes the purchase in good faith. However, the first buyer can claim damages from the seller if he never receives a product for which he has paid.