When signed, this document becomes a binding contract. Buyer and seller should consult their own attorney.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. Buyer agrees to buy and Seller agrees to sell that certain parcel of real property situate in the Village of. These Terms and Conditions of Sale and all documents referenced herein (collectively, the. This Contract is subject to Buyer providing Seller with written proof that Buyer has immediately available U.S. funds in the amount of the Purchase Price by. Set it up as a template. 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.