4. Terms of the Agreement. An APA is a legallybinding contract between a buyer and seller that finalizes the terms and conditions of an acquisition.In our home buying checklist, we lay out the process in 10 easy-to-follow steps to take you along the journey of buying a house of your dreams. Purchase and Sale Agreement for the purposes hereof. 2) As provided in Paragraph 3 of the Purchase and Sale Agreement, the Escrow Sum shall be. On or before the Effective Date, the Purchaser shall deposit the Additional Deposit with the Escrow. Closing Documents. 1. Quitclaim Deed from Seller to Buyer recorded on February 25, 2021 in the Middlesex.