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Completion is when legal ownership of the shares transfers to the buyer, resulting in the buyer owning the target company. In many states, the initial offer is in the form of a contract.If the seller accepts, that converts the offer into a binding agreement. A sales contract is a binding agreement to lock the intent of the parties and ensure your business is protected from future disputes. A Contract for Sale of Goods (also known as a Contract for Products) is a contract between two or more parties agreeing on the sale of goods. What is a sales agreement? — A sales agreement is a contract between a buyer and a seller that details the terms of an exchange. Both buyer and seller sign a contract, which is typically contingent on additional factors like financing and inspection results.
