An Ohio commercial purchase and sale agreement contains the terms of a transaction involving transferring ownership of commercial property. A commercial purchase agreement is a legal real estate contract that transfers commercial property ownership from a seller to a buyer.Purchase and Sale Agreement. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. In this webinar, attorney and licensed customs broker Jack Shelton explains the fundamentals of a sales contract including why you need a written contract. This legal template is a standardized document for buyers and sellers involved in the commercial property purchase and sale process in Ohio, United States. A commercial purchase agreement is a legal real estate contract that transfers commercial property ownership from a seller to a buyer. Many REALTORS® contact the National Association looking for real estate forms. Section 10.03 Buyer's Right to Terminate. Curious how to fill out a listing agreement?