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Sale Agreement
A sale agreement is a legally binding contract between parties that outlines the terms for dealing with a property. It grants the right to obtain a sale deed which specifies the details of the property. Typically, it includes a timeframe for completion, earnest money or partial payment of the purchase price. While a sale agreement does not require registration and does not confer any charge on the property, in certain states it may serve as a sale deed if registered.
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