It indicates the price and other details of the transaction and is signed by both the seller and the buyer. In a sales contract, the contract clearly sets out the price that a buyer is willing to pay either for goods or for the fulfillment of a particular condition. Both parties must accept these conditions and sign the contract to make it valid. If a sale takes place without a contract, each party is at risk because there are no conditions to protect either party if something goes wrong or even has unintended consequences. A sales contract sets out the terms before the sale takes place and provides risk protection for both parties. When a seller agrees to hand over goods he owns to the buyer for money, it is called a purchase contract. Once the exchange is complete, it is simply called a sale. Before the sale is completed, but the intention to sell is there, it is called a sales contract. A purchase contract, a contract of sale, a purchase order or a purchase contract[1] is a legal contract for the purchase of assets (property or real estate) by a buyer (or buyer) from a seller (or seller) at an agreed monetary value (or monetary equivalent). Taxes are not levied until the sale is completed, so there are no taxes on a sales contract. .