Owners of any home built before 1978 must provide this disclosure to buyers before signing a purchase agreement. This written contract delineates the terms and conditions of a sale, encompassing various aspects such as goods, services, pricing, and transaction particulars.A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. The Columbus REALTORS® purchase contract shall be printed in 11-point Arial font, and all deviations in the standard form must be. 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.