An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. This is a Virginia specific, short form sales agreement for the sale and purchase of goods between a buyer and seller., a Virginia corporation ("AvePoint") and the. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the contract. PandaDoc provides many standard sales document templates that help to streamline the process of creating, sending, and tracking business documents. Establish clear terms for buying and selling of goods with our sale of goods agreement template. Set the right expectations and ensure smooth transactions. It fulfills three main purposes: It identifies the property the seller is selling. It explains the steps necessary to complete the transaction.