purchase agreement

noun

Meaning

A legally binding contract that details the terms, conditions, and price under which a buyer agrees to purchase an asset from a seller.

Examples

The lawyers spent hours reviewing the purchase agreement to ensure every contingency was covered.
Once the purchase agreement was signed, the sale could not be easily cancelled.

Synonyms: contract, sales contract, bill of sale, deed of sale

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purchase agreement

noun

Pronunciation: ˈpɜːrtʃəs əˈɡriːmənt

Definition

A legally binding contract that details the terms, conditions, and price under which a buyer agrees to purchase an asset from a seller.

Examples

The lawyers spent hours reviewing the purchase agreement to ensure every contingency was covered.
Once the purchase agreement was signed, the sale could not be easily cancelled.

Synonyms of purchase agreement

Words with a similar meaning to purchase agreement:

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