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A purchase and sale agreement is a real estate contract. Merger Clause: The agreement should contain a "merger" or an "entire agreement" clause.(1) contracts for the sale or lease of, or a mortgage on, real property (e.g. Complete a registration of existing well form for the well and pay the cost of registration. If no person will be providing a closing. It can be left up to the courts to decide the interpretations and intentions of contract language. Whether you properly sign the contract may make the difference between a smooth business transaction or a messy court fight.