Skip to main content
purchase agreement

purchase agreement

2 3.6
A written contract that explains the details and rules for buying a house or other goods
  • noun
  • /ˈpɜrʧəs əˈɡrimənt/
  • Formal
translation icon : contrato de compra
  • It was disclosed to him after he signed the purchase agreement but before the closing of the sale.
  • sign the purchase agreement
  • lease/purchase agreement
  • reach a purchase agreement

This is a purchase agreement for a car right here.

Autoplay Next

Examples

  • Anderson Builders was awarded a purchase agreement for a hotel/event center/bistro, as well as two office buildings and a parking structure.

    Blog text (3)
  • This is a purchase agreement for a car right here.

  • A land purchase agreement would require that the new owners deliver on the hotel.

    Blog text (3)
  • And lawyers are doing more than writing purchase agreements.

    Academic text (1994)
  • There are standard offer-to-purchase agreements available to use.

    Blog text (31)
  • And there's also that clause in the sales that or the purchase agreement that you can't sell it within a year.

  • But after signing the purchase agreement, they said the Rodriguezes then said the boat would cost roughly an extra $40,000.

    Blog text (21)
  • You can sign the purchase agreement and leave the money now.

  • It's a purchase agreement for a property in Red Hook, a bonded warehouse.

  • Before finalizing the sale, both parties must review the purchase agreement carefully.

Synonyms

agreement
vspurchase agreement
  • Formal
1.4

A promise made between two or more people, often written

refers specifically to a legal contract detailing sale terms rather than any arrangement
written agreement
vspurchase agreement
  • Formal
3 2.7

A document that writes down what two or more people agree to

is a legal contract for acquiring goods or property, not any written record
sales agreement
vspurchase agreement
  • Formal
1 2.8

A written contract where a seller transfers ownership of a house or car to a buyer for an agreed price

focuses on overall legal terms and details of a sale rather than only transfer
purchase contract
vspurchase agreement
  • Formal
1 3.3

A legal agreement between a buyer and a seller that explains the terms of a sale

is used more often for property or goods than for any transaction

How Binding

merger agreement
  • Formal
1 4.6
purchase agreement
  • Formal
2 3.6
terms
2.7
memorandum
  • Formal
48 5.4
letter of intent
  • Formal
8 5.1

Surface Forms

Morphology

purchase + agreement

The meaning is directly compositional: 'purchase' (buying) + 'agreement' (contract) yields a contract for buying. A B1 learner who knows both words will readily infer this basic legal sense even if they lack detailed legal knowledge.

Etymology

Purchase agreement comes from a simple, old idea: purchase is the thing you buy and agreement is both people saying 'we promise' in writing. Long ago, buyers and sellers wrote the price and rules and signed the paper, so today a purchase agreement means a written contract that explains the 'terms' of a sale.