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IndonesiaUpdated Jun 20, 2026

Binding Sale and Purchase Agreement

A Binding Sale and Purchase Agreement is a preliminary agreement between the buyer and the seller to regulate the terms of a sale and purchase transaction

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Last reviewedJune 2026

A Binding Sale and Purchase Agreement is an initial agreement between a buyer and seller that outlines the terms of a sale.

Key Functions:

  • Specifies the agreed-upon price for the property or asset being sold
  • Details the schedule and method of payment
  • Sets out any conditions or contingencies that must be satisfied before the transaction can be finalized
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