sales contract
[/seɪlz ˈkɒntrækt/]
nounpl: sales contracts
contrato de venda
1. A legally binding agreement between a seller and buyer outlining the terms and conditions of a sale, including price, delivery, payment terms, and obligations of both parties
The sales contract was signed by both parties before the property transfer was completed.
O contrato de venda foi assinado por ambas as partes antes da transferência do imóvel ser concluída.
2. A formal document that specifies what is being sold, the purchase price, and the conditions under which the transaction will occur
Review the sales contract carefully to ensure all agreed-upon terms are included.
Revise o contrato de venda cuidadosamente para garantir que todos os termos acordados estejam incluídos.
In Brazil, sales contracts for real estate transactions are particularly important and typically require notarization (autenticação cartorial). In the USA, sales contracts vary significantly by state and are heavily regulated. The term is essential in both countries' commercial and legal frameworks, though Brazilian contracts often require more formalities and government involvement than typical American contracts.
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