sale and purchase agreement Meaning in the Cambridge English Dictionary
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Meaning of “sale and purchase agreement” in the English Dictionary

"sale and purchase agreement" in Business English

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sale and purchase agreementnoun [C]

uk   us   (abbreviation SPA) LAW
a ​legalagreement that a ​buyer will ​buy a ​product or ​service and a ​seller will ​sell it: They ​sued the ​contractor to ​recover the $50,000 they put down when they ​signed a ​sale and ​purchaseagreement on their ​home.
(Definition of sale and purchase agreement from the Cambridge Business English Dictionary © Cambridge University Press)
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