Remember here that both parties must respect the terms of the sale agreement. Any party that does not comply with any of the terms of the agreement could be brought to justice if the other party so wishes. All parties involved should also ensure that this document can be used as legal evidence before the court of law and that all those who have agreed to comply with the conditions are required to do so. Sales agreements are also a kind of sales contract, but they can be more in-depth and more binding than a simple sale. The buyer can sue for a defined benefit if the seller refuses to pay his share of the sale. In accordance with the sale, if the seller violates the sales contract, the buyer can only claim damages. A sales contract is a transfer of ownership contract. Even after both parties have signed the contract, the property has not changed ownership and the deed is not in the buyer`s name. 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. Once a sale takes place, the seller can claim damages if it is not paid, but he cannot resell a product already sold. When a seller attempts to resell a previously sold product, the buyer of the item already sold receives a wrong title or improper possession. A sales agreement is a contract for the sale of products or services. The contract sale agreement is also called sales or sales contracts. What the sales contract creates is the buyer`s right to acquire the property in question in 1996, 1996.