A sales contract is a legal agreement between a buyer and a seller that outlines the terms of a sale. It specifies details such as the price, quantity, and description of the goods or services being sold. This document serves to protect both parties by clearly defining their rights and obligations. In addition to the basic terms, a sales contract may include conditions for payment, delivery timelines, and warranties. It is important for both parties to review and understand the contract before signing, as it becomes legally binding once executed. Properly drafted contracts help prevent disputes and ensure a smooth transaction.