Get started quickly with a master service agreement template North Carolina. This downloadable template will get you selling in no time.A North Carolina real estate contract is a contract that is negotiated between a buyer and a seller to facilitate the sale of property. TERMS AND DEFINITIONS: The terms listed below shall have the respective meaning given them as set forth adjacent to each term. (a) "Seller": (b) "Buyer":. A master purchase agreement is a legally binding contract between buyer and seller, and typically relates to buying and selling goods rather than services. A North Carolina real estate contract is a contract that is negotiated between a buyer and a seller to facilitate the sale of property. State of North Carolina. North Carolina law does not exempt nonprofit organizations from payment of sales and use tax on items they purchase for use or consumption.