Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as.Use and store this free template to specify obligations between sellers and buyers. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. 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. ACCEPTANCE DATE: ("Acceptance Date"). SELLER'S INFORMATION: Seller's Signature: Seller's Name (print):.