In the event Buyer fails to obtain Seller's approval, this Agreement shall be terminated with the Buyer's Earnest Money being returned within five (5) business. A Nevada land contract legally binds two parties to terms for purchasing and selling vacant land.The contract records all relevant details of the sale. 6 shall be read as one complete form. (Joint Escrow Instructions). 1. Customize the agreement: Fill in the template with specific details of the transaction. Step 1 – Fill Out the Buyer and Seller Information. 1. Seller. Write down the seller's full name. A Nevada purchase agreement establishes the terms of a real estate transaction.