A master purchase agreement is a legally binding contract between buyer and seller, and typically relates to buying and selling goods rather than services. 1. Provide the date of the offer and the names of the buyer and seller.This Agreement of Purchase and Sale (this "Agreement") is made as of this ____ day of. Comply with terms and conditions contained in the Purchase Agreement. I. Acceptable Loan Performance – Originate loans resulting in a delinquency rate. Amount set forth in the Purchase and Sale Agreement plus the VA funding fee so financed; the monthly payments will. Applicable tax exemption certificates must accompany any order to which the same applies. 4. Payment. A purchase agreement is a binding contract that spells out the terms of a real estate transaction. It finalizes the purchase of a property.