You'll need to sign a residential purchase agreement, make an offer, possibly put down a deposit, conduct inspections and close the sale. Also, contracts may also be entered into when accepting new employment, completing a real estate transaction, and other lawful activities.This episode is ALL about wholesale purchase contracts!! Master the agreement to purchase real estate contract with essential tips. Please also review the separate. Unless otherwise stated specifically in a Purchase Order, this Agreement shall apply to any and all transactions between Buyer and Company. 1. Definitions. Spouse, grandchildren, or any relative living in the employee's immediate household.