An 'Agreement of Sale' is a legal contract between a buyer and a seller in which the seller agrees to sell, and the buyer agrees to buy, specific goods under predetermined terms and conditions. This agreement outlines the price, delivery terms, payment methods, and other essential provisions necessary for the transfer of goods ownership.
A nondisclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship between parties to protect sensitive information from being disclosed to unauthorized third parties.
A written authorization issued by a buyer to a vendor to supply goods or services at a stipulated price. Upon acceptance by the vendor, the purchase order turns into a legally binding contract.
