Purchase and Sale Agreement. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price.The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. With our free Sales Agreement form, you'll be ready to print or download your contract in no time. 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. Our purchase and sales templates help lay down the required financial terms and pricing, ensuring a smooth transaction between sellers and buyers. Use our free sale and purchase agreement template, follow the guidelines below, and modify the contract in PDF Expert. Download our free Sales Contract Template. This is an easy-to-use contract that details sales terms, delivery details, parties involved, and more. PandaDoc's free simple purchase agreement template lets you create legally binding contracts for small business purchases and deals.