The purchase of commercial agreements should be used by anyone wishing to buy or sell a business. The agreement can help give details in the sale, including aspects of the transaction that are for sale (i.e. assets or shares). “Any sales contract that is not a registered promotion (nature of sale) would fall short of the provisions of section 54 and 55 of the Transfer of Ownership Act and would not confer ownership and would not transfer any right to purchase property (except for the limited right granted under Section 53A of the Transfer of Ownership Act).” The word property means a material or immaterial thing on which one has property rights. It can be owned by an individual or a group of people. It is the exclusive right of a person or person to a thing. Ownership has various economic, social and legal implications that flow from it. It consists of all the animated and inanimate people that a person possesses. It also includes all legal rights arising from a person`s property.

Therefore, the concept of ownership is a broad concept, governed by different laws. A property owner has the right to transfer the property in any way he or she wishes. The Supreme Court of India in 2012, in the case of Suraj Lamp Industries (P) Ltd (2) v State of Haryana, while the treatment of the validity of the sale of real estate by proxy, has done as under: property can be transferred by various modes, i.e. by sale, mortgage, leasing, gift, exchange, etc. Under the Property Transfer Act 1882, Section 54 states that the sale is defined as the transfer of ownership of a property for a price paid or promised or partially promised or partially promised or partially promised. A sales contract is a legal document that describes the terms of a real estate transaction. It lists the price and other details of the transaction, and is signed by the seller and buyer. “Locked-in property can only be transferred by a transport permit (deed of sale), duly stamped and registered legally. We therefore assert that goods can only be transferred/transported legally and legally through a registered transport obligation. In the above case, the bank of R.V. Raveendran, A.K. Patnaik and H.L Gokhale considered whether real estate can be transferred legally or by a general power to sell an agreement and a will? Documents brought to the nonexistence to help buyers, people began to abuse these documents to trick people that it creates titles on the property. That is why many cases had been brought before the court.

It should be noted that in many cases there is a long chain of sales agreements, GPA and WILL, just to create confusion for the buyer and conceal the principal owner of the property. If a transfer of ownership is intended for the future and there are terms and conditions, then it is called a sales contract. This is a sale if all the terms and conditions are met or if the transfer time of the property has passed.