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| sales and purchase agreement (SPA) | |||
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| sale and purchase agreement (a legal contract that obligates a buyer to buy and a seller to sell, for example, assets or shares: The buyer and the seller entered into the sale and purchase agreement on 1st January 2006. Phrase Bank ⃝ The Sale and Purchase Agreement represents the outcome of the parties' negotiations. ⃝ The sale and purchase agreement will be signed by the parties next week. ⃝ The seller shall draft the sale and purchase agreement. TED Alexander Demidov) | |||
| purchase and sale agreement | |||