(hereinafter "buyer"), and. 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.Any waivers under this Agreement must be in writing. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. This document is a sales agreement between a purchaser and seller for a property. Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the. General Terms And Conditions Of Contract. 3.