The full name is purchase and sale contract. A purchase and sale contract refers to an agreement in which one party transfers the ownership or management rights of goods to the other party and the other party pays the price.

Legal basis:

Article 490 of the "People's Republic of China and Civil Code" Where the parties conclude a contract in the form of a contract, it shall be signed, sealed or signed by both parties. The contract is formed when the fingerprint is pressed. Before signing, sealing or fingerprinting, one party has performed its main obligations and the contract is established when the other party accepts it.

Laws and administrative regulations or the parties agree that a contract should be concluded in writing. If the parties do not use writing but one party has performed its main obligations and the other party accepts it, the contract is established.