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Sections Of Agreement To Sell

Essentially, it defines the agreed elements of the transaction, contains a number of important safeguards for all parties involved and provides the legal framework for the conclusion of the sale. The SPA is therefore essential for both sellers and buyers. A contract of sale is a contract for the sale of real estate in the future. This agreement defines the conditions under which the property is transferred. The Transfer of Property Act, 1882, which governs matters relating to the sale and transfer of real estate, defines the contract of sale or a contract of sale as under: The signing of a contract of sale becomes important given several factors. First, it is legal proof of the conclusion of an agreement between the buyer and the seller on the basis of which, in the event of a dispute, the future action will be decided. . . .


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