Definitions. 4. 2. Nature of Agreement. 7. 3. Development Feasibility and Structure. 7. 4.Y. Seller's Attorney Approval. THIS PURCHASE AND SALE AGREEMENT, (the "Agreement") is made and entered into this _____ day of. This Agreement shall be governed by, and construed in accordance with the laws of the State of Florida. At the end of the one year Contract term Licensee shall remit a Trademark Annual. A master purchase agreement is a legally binding contract between buyer and seller, and typically relates to buying and selling goods rather than services. SIGN PRE-CLOSING FORMS. MDC established a transfer articulation agreement in.