Sale definition: Copy, customize, and use instantly
Introduction
The term "Sale" refers to the transfer of ownership of goods, assets, or rights from one party to another, typically in exchange for payment or other consideration. This term is commonly used in contracts involving the exchange of property, goods, or services.
Below are various examples of how "Sale" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Sale" for Transfer of Goods
This definition ties "Sale" to the transfer of goods.
"Sale" means the transfer of ownership of tangible goods from the seller to the buyer, in exchange for payment or other agreed-upon consideration, in accordance with the terms of this agreement.
Definition of "Sale" for Real Property
This definition connects "Sale" to real property transactions.
"Sale" refers to the transfer of title and ownership of real property from the seller to the buyer, upon the execution of a deed and payment of the purchase price, as outlined in this agreement.
Definition of "Sale" for Intellectual Property
This definition links "Sale" to the sale of intellectual property.
"Sale" means the transfer of rights, title, and interest in intellectual property, including patents, trademarks, copyrights, and trade secrets, from the seller to the buyer in exchange for agreed compensation.
Definition of "Sale" for Securities
This definition applies "Sale" to securities.
"Sale" refers to the transfer of securities, including stocks, bonds, or other financial instruments, from the seller to the buyer for cash or other consideration, in accordance with applicable laws and regulations.
Definition of "Sale" for Business Assets
This definition ties "Sale" to the sale of business assets.
"Sale" means the transfer of assets, including tangible and intangible property, from the seller to the buyer, as part of the agreed terms of this agreement, including the purchase price and any other conditions.
Definition of "Sale" for Services
This definition connects "Sale" to the sale of services.
"Sale" refers to the agreement in which a provider offers services in exchange for compensation, including all terms related to the scope, timing, and payment for those services.
Definition of "Sale" for Commercial Transactions
This definition links "Sale" to general commercial transactions.
"Sale" means the exchange of goods, services, or rights between the seller and the buyer for a specified price or other consideration, in accordance with the terms set forth in this contract.
Definition of "Sale" for Digital Products
This definition applies "Sale" to digital products.
"Sale" refers to the transaction involving the transfer of ownership or access to digital products, such as software, digital media, or online subscriptions, from the seller to the buyer, in exchange for agreed-upon payment.
Definition of "Sale" for Vehicle Transactions
This definition ties "Sale" to vehicle transactions.
"Sale" means the transfer of ownership of a vehicle from the seller to the buyer, including all rights, title, and interest, upon payment of the agreed purchase price and transfer of documents as required.
Definition of "Sale" for Equipment
This definition connects "Sale" to the sale of equipment.
"Sale" refers to the transfer of ownership of equipment, machinery, or tools from the seller to the buyer, in exchange for the agreed purchase price, and includes all warranties and conditions applicable to the sale.
Definition of "Sale" for Inventory
This definition links "Sale" to the sale of inventory.
"Sale" means the transfer of goods or products from the seller’s inventory to the buyer, in exchange for a negotiated price, under the terms specified in the agreement.
Definition of "Sale" for Personal Property
This definition applies "Sale" to personal property transactions.
"Sale" refers to the transfer of ownership of personal property, including but not limited to furniture, electronics, or jewelry, from the seller to the buyer, upon payment of the agreed purchase price.
Definition of "Sale" for Equipment Leasing
This definition ties "Sale" to equipment leasing.
"Sale" means the transaction in which the seller agrees to lease equipment to the buyer under specific terms and conditions, including the payment amount and duration, as outlined in the lease agreement.
Definition of "Sale" for Franchise
This definition connects "Sale" to franchise agreements.
"Sale" refers to the transfer of a franchise business or franchise rights from the franchisor to the franchisee, in exchange for payment, including franchise fees and royalties, as set forth in the franchise agreement.
Definition of "Sale" for Debt Instruments
This definition links "Sale" to debt instruments.
"Sale" means the transfer of debt instruments, such as promissory notes or bonds, from the seller to the buyer, in exchange for cash or other agreed-upon consideration, according to the terms of the agreement.
Definition of "Sale" for Artwork
This definition applies "Sale" to artwork transactions.
"Sale" refers to the transfer of ownership of artwork, including paintings, sculptures, and other creative works, from the seller to the buyer, upon payment of the agreed price and delivery of the work.
Definition of "Sale" for Franchise Assets
This definition ties "Sale" to the sale of franchise assets.
"Sale" means the transfer of assets, including equipment, inventory, and intellectual property, from the seller to the buyer, related to a franchise operation, as part of the agreed purchase price.
Definition of "Sale" for Agricultural Products
This definition connects "Sale" to agricultural product transactions.
"Sale" refers to the transfer of agricultural products, including crops, livestock, or raw materials, from the seller to the buyer for cash or other agreed-upon consideration.
Definition of "Sale" for Commercial Real Estate
This definition links "Sale" to commercial real estate.
"Sale" means the transfer of ownership of commercial real estate, including office buildings, retail spaces, or industrial properties, from the seller to the buyer for the agreed purchase price.
Definition of "Sale" for Software Licensing
This definition applies "Sale" to software licensing.
"Sale" refers to the granting of a license for the use of software or digital products, where the seller grants the buyer the right to use the software under specific terms and conditions for an agreed price.
Definition of "Sale" for Government Contracts
This definition ties "Sale" to government contracts.
"Sale" means the transfer of goods or services to a government agency, in exchange for payment as outlined in the government contract, including any terms regarding delivery, quality, and pricing.
Definition of "Sale" for Leaseback Transactions
This definition connects "Sale" to leaseback transactions.
"Sale" refers to the transfer of property from the seller to the buyer, with an agreement to lease the property back from the buyer under specified terms, including rent and duration.
Definition of "Sale" for Consumer Goods
This definition links "Sale" to consumer goods transactions.
"Sale" means the transaction in which the seller transfers ownership of consumer goods to the buyer in exchange for money, as agreed upon in the sales contract.
Definition of "Sale" for Healthcare Equipment
This definition applies "Sale" to healthcare equipment.
"Sale" refers to the transfer of ownership of medical or healthcare equipment from the seller to the buyer, including warranties, installation services, and other related terms.
Definition of "Sale" for Commercial Software
This definition ties "Sale" to commercial software transactions.
"Sale" means the transfer of ownership or licensing rights to commercial software from the seller to the buyer, in exchange for payment and in accordance with the software agreement.
Definition of "Sale" for Investment Interests
This definition connects "Sale" to investment interests.
"Sale" refers to the transaction where the seller transfers their interest or share in an investment, such as a partnership or limited liability company, to the buyer for agreed-upon terms.
Definition of "Sale" for Fixed Assets
This definition links "Sale" to the sale of fixed assets.
"Sale" means the transfer of ownership of fixed assets, such as machinery, buildings, or land, from the seller to the buyer, in exchange for an agreed-upon purchase price.
Definition of "Sale" for Patents
This definition applies "Sale" to patent transactions.
"Sale" refers to the transfer of ownership of patents or patent rights from the seller to the buyer, in exchange for an agreed price, which may include licensing or royalty arrangements.
Definition of "Sale" for Consumer Electronics
This definition ties "Sale" to consumer electronics.
"Sale" means the transaction involving the exchange of consumer electronics, such as smartphones, laptops, or televisions, from the seller to the buyer for the agreed price.
Definition of "Sale" for Distribution Agreements
This definition connects "Sale" to distribution agreements.
"Sale" refers to the transfer of goods from the seller to the distributor, who will subsequently sell the goods to customers, under terms set out in the distribution agreement.
Definition of "Sale" for Construction Equipment
This definition links "Sale" to construction equipment.
"Sale" means the transaction involving the transfer of construction equipment, such as cranes, bulldozers, or other machinery, from the seller to the buyer, in exchange for payment as agreed in the contract.
Definition of "Sale" for Retail Transactions
This definition applies "Sale" to retail transactions.
"Sale" refers to the exchange of goods or services for money in a retail setting, where the seller provides products to the buyer in return for payment, as specified in the sales agreement.
Definition of "Sale" for Hotel Ownership
This definition ties "Sale" to hotel ownership transactions.
"Sale" means the transfer of ownership of a hotel or hospitality property from the seller to the buyer, including all rights, title, and interest, upon the agreed purchase price and transfer of the title.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.