A master purchase agreement is a legally binding contract between buyer and seller, and typically relates to buying and selling goods rather than services. The Base Purchase Price, plus the TimeValue.I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it. A land sales agreement is a legal contract between a seller and a buyer that is used to purchase real estate and outline the terms of the transaction. Learn how to properly complete and use the RPA to better serve and protect yourself and YOUR CLIENTS. Government Code sections 66410 et seq. (the Subdivision Map Act, "SMA"), establish comprehensive regulations for the subdivision of land. Any new lien contract shall require that. Correction to a Bid. BenfordRiley (Sales Manager).