Dictionary

sale and purchase agreement

a legal contract that obligates a buyer to buy and a seller to sell, for example, assets or shares The buyer and the seller entered into the sale and purchase agreement on 1st January 2006.

Other

  • Sale and Purchase Agreement

Abbreviation

  • SPA

Phrase Bank

  • The Sale and Purchase Agreement represents the outcome of the parties' negotiations.
  • The sale and purchase agreement will be signed by the parties next week.
  • The seller shall draft the sale and purchase agreement.