Legal Definitions - agreement to sell

An agreement to sell is a mutual understanding between two or more people about their rights and duties regarding past or future performances. It is a manifestation of mutual assent by two or more persons. The parties' actual bargain is found in their language or by implication from other circumstances, including course of dealing, usage of trade, and course of performance.

For example, if John agrees to sell his car to Jane for $10,000, and Jane agrees to buy the car for that price, they have entered into an agreement to sell. This agreement is not a contract until the terms are finalized and the sale is completed.

Another example is a property settlement agreement in a divorce case. The agreement outlines the terms of the division of property and assets between the spouses. Once both parties agree to the terms, it becomes a binding agreement.

In summary, an agreement to sell is a preliminary agreement that outlines the terms of a sale. It is not a contract until the terms are finalized and the sale is completed.