Agreement To Sell - Requirements

The term “Agreement to sell” is defined in Black’s Law Dictionary as under:-   

“An agreement that obligates someone to sell. 

The above referred definition requires that both the parties to agreement have to make promise for some lawful act against some lawful consideration. Furthermore an agreement to sell should contain the following constituents:- 

i) Identification of seller and purchaser, i

i) Sale consideration amount,

iii) Identification of property to be sold, 

iv) Parties to agreement to sell property at consensus ad idem.

2022 CLC 1659