An accounts receivable purchase agreement is a legally binding contract that governs the purchase of accounts receivable between parties in a specific location. The accounts receivable purchase is a contract between a buyer and seller where the buyer agrees to exchange money to receive something from the seller.This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form. Create a free Contract for Deed, also known as a Land Contract, for sellerfinanced real estate transactions. A contract for deed is a type of seller financing, where the seller agrees to give possession of the property to the buyer immediately.