If the products or services transferred as part of a sale without a contract are damaged or unsatisfactory, the responsibility lies with the buyer. The seller is not legally obliged to remunerate his sale. 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 regulates matters relating to the sale and transfer of real estate, defines the contract of sale or a contract of sale as under: Larry wants to sell his house. He owns it for free and clearly and does not need the entire purchase price in advance. Derrick is interested in buying the house, but he doesn`t have all of Larry`s selling price and he struggles to get a mortgage. 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. For example, a buyer and seller can use this method if the buyer does not have the money to pay in full. If the seller doesn`t need all the money or doesn`t care about letting the buyer reside on the land while they pay for it, they could come up with a purchase agreement to clarify the agreement and protect both parties. A sales contract is also called a sales contract, a sales contract, a sales contract or a sales contract.. .