With our free Sales Agreement form, you'll be ready to print or download your contract in no time. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price.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. By selling and transferring the Purchase. 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. "Bill of Sale" means a Bill of Sale in the form of Attachment "C" to this Agreement. A Sales and Purchase Agreement (SPA) is a legal contract that details the agreement's terms and conditions.