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A purchase & sale agreement (P&S) is a legal document prepared and agreed to by attorneys representing both the buyer and seller in the home purchase transaction. The P&S is signed by both the buyer and seller, and will include final sale price and all terms of the purchase.

Seller- The Buyer will sign the P&S first. Once the Buyer has signed the P&S, the listing agent will send the P&S to the Seller for electronic signature. The listing agent also will let the Seller know when in receipt of the Buyer's deposit check.

As a written document, emails can easily meet the legal requirement of a legally binding agreement. Whether you're negotiating for a lower internet price or discussing a refund, these written exchanges can form a binding contract.

In both Massachusetts and New York, as in many other jurisdictions, courts have held that the Uniform Electronic Transactions Act ("UETA") provides that a contract and signature will not be denied legal effect solely because the communications are in electronic form.

A purchase and sale agreement is used to document the parties' intentions and the terms they have agreed will govern the transaction. You can include specific terms like the product or property, the price of the product or property, conditions for the delivery of the product, and the date of product delivery.

For a contract ? including an oral contract ? to be valid, it must have the 3 essential elements of an enforceable agreement: An offer, An acceptance of that offer, and. Consideration.