If the transfer of ownership takes place at a later date and is subject to other conditions, it is called a sale agreement. A sales contract becomes a sale if the conditions are met or if the transfer time of the property has elapsed. We can conclude that a deed of contract of sale is established if it is subject to an immediate transfer of ownership. Otherwise, it`s a deal for sale. Under Article 6(1), the deed of purchase consists mainly of existing goods, which are the property or property of the seller, or future goods. While the seller indicates in the sales agreement to affect a current supply of future products, it depends entirely on the possibility of the event that may or may not occur. A deed of sale is a document that effectively transfers the rights to a property from one party to another. It is usually designed as an extension of the sales agreement. All the conditions mentioned in the first are met and respected in a deed of sale. Here are some of the points mentioned in a deed of sale. A contract of sale is a contract for the sale of real estate in the future. This agreement defines the conditions under which the property is transferred. This article was written by Deyasini Chakrabarti by KIIT Law of School, Odisha.
This article deals mainly with two fundamental concepts of sale and sales agreement, different legal provisions related to them, as well as their difference. A contract of sale is a promise in the future that the property will be transferred to the rightful owner, while the deed of sale is the actual transfer of ownership to the buyer. In 2012, in the case of Suraj Lamp & Industries (P) Ltd (2) v Den Staat Haryana, while dealing with the validity of proxy sales of real estate, the Indian Supreme Court ruled as follows: in the contract of sale, the exchange of goods takes place immediately. . . .