A wellwritten sales contract covers all elements of a transaction and includes remedies should the deal not go as planned. We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here.Gross Receipts Defined: "Gross Receipts" means all monthly receipts from revenue for sales under this Contract. THIS PURCHASE AND SALE AGREEMENT, (the "Agreement") is made and entered into this _____ day of.