If Buyer extends, Seller may want to: (1) have Buyer bear the risk of changes in circumstances (e.g. Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this.THIS PURCHASE AND SALE AGREEMENT (this "Agreement") is made as of this ____ day of. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. The following information has been developed to answer your questions regarding formation of an LLC and to assist in the filing of the Articles of Organization. It outlines the buying and selling of a particular item or asset, ensuring clarity on the price, terms, and conditions for completing that specific deal. Our purchase and sales templates help lay down the required financial terms and pricing, ensuring a smooth transaction between sellers and buyers. 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.