Right to resale: in case of sale, the seller may not resell the goods, even if the goods are in his possession. If he does so, he is guilty of infringement and the buyer can claim damages from the seller. In the event of a sales agreement, the seller remains the owner. If he resells the goods, he is guilty of infringement and the original buyer can only claim damages. The existing goods most often come from the object of the sales contract. However, the goods may also be the property or property of the seller or future goods. The sale and the sales agreement, as actually expressed, appear to be under a similar non-exclusive name, but must be treated simultaneously under different classifications. In this sense, to conclude a transaction, an agreement on the idea of the items must be communicated or concluded, and compliance with the condition would lead to the end of the title in the products that will be sold by contract. These two ideas of offering and approving the deal are themselves a powerful idea. To establish a valid sales contract, it is essential that the transfer of ownership takes place on site.
In the event of the seller`s failure to sell or hand over the property to the buyer, the buyer obtains a right to certain services in accordance with the provisions of the Specific Relief Act 1963. A similar right is available to the seller under the contract to obtain a specific service from the buyer. Under Article 6(1), the deed of purchase consists mainly of existing goods, which are the property or property of the seller, or future goods. While the seller indicates in the sales agreement to affect a current supply of future products, it depends entirely on the possibility of the event that may or may not occur. The nature of the sales agreement is subject to conditions. All the conditions that are remembered for the understanding of the sale must be implemented by both parties as a whole and respected throughout the commercial procedure until the date of the deed of sale. Therefore, a sales agreement is a basic document on which the deed of sale is drawn up. In other words, the sales agreement can be described as confirmation of the future event that may take place depending on compliance with the conditions set out in this Decision. This article was written by Deyasini Chakrabarti by KIIT Law of School, Odisha.
In this article, these are mainly two fundamental concepts of sale and sales agreement, different legal provisions related to them, as well as their difference….