The document informs the seller of the amount the buyer is willing to pay and specifies various terms the seller must satisfy if the buyer agrees to the sale. 1.01 Agreement of Purchase and Sale.Furnish the information requested in Section 17 below; b. This contract outlines the terms and conditions of the transaction, including the purchase price, payment terms, property condition, and closing details. Our San Antonio contract lawyer helps businesses with vendor contracts, employment contracts, and partnership agreements.