This Agreement contemplates a transaction in which (1) the Buyer will purchase from. A Pennsylvania residential purchase agreement establishes a legal arrangement between a buyer and a seller in a real estate transaction.Buyout Agreement: A legal document that outlines the terms and conditions of a transaction in which one party purchases a stake in a business from the other. Example: An applicant states that they plan to have at least a portion of the building up and running within 12 months. Filled-out Conflict of Interest Form. 2 Color Photos of the Property. Enter the name, address and telephone number of party completing this form.