Agreement to sale

There are two types of sale in business. One is current sale and second is future sale. Future sale is an important part of sale that plays an important role to expand the business. The process in which two parties makes an agreement to sell products or services in coming era. This type of process is called contract of sale. 

In other words we can say that the process in which two persons, organizations, company make an agreement or contract to sell any products or services in coming era. This type of agreement or contract is called contract of sale or agreement of sale. 

Essential elements of contract of sale:

There are many elements of contract of sale. These elements are as below-

1. Two parties- it is the first element of contract of sale. There are two persons, one person offers something to second person and second person accepts it. 

2. Product- it is the second element of contract of sale. First person offers something to second person accepts something. This something is called product. 

3. Transfer of ownership- it is also an important element of contract of sale. According to the contract when transactions will complete the ownership of products and services is natural transferred from one person to other person. 

4. Money- it is also an important element of contract of sale. All the transactions that will perform in future on the behalf of money. So, money is also an important element to contract of sale. 

5. A valid contract- a contract of sale is a particular type of contract. It follows all the rules, regulations of Central government. So, it must be involve in the process of a contract of sale.