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A '''purchase and sale agreement''' ('''PSA''') is an agreement between a buyer and a seller of [[Real property|real estate property]], [[company stock]], or other assets. |
A '''purchase and sale agreement''' ('''PSA''') is an agreement between a buyer and a seller of [[Real property|real estate property]], [[company stock]], or other assets. |
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The person, company, or other [[legal entity]] acquiring, receiving, and purchasing the property, stock, or other assets is referred to as the ''buyer'' and the entity disposing, conveying, and selling the assets is referred to as the ''seller''.<ref>{{cite web |last1=Simon |first1=Paul |url=http://www.drilldeeperblog.com/2014/07/a-litigators-perspective-on-the-purchase-and-sale-agreement-psa/ |title=A Litigator's Perspective on the Purchase and Sale Agreement |website=Drill Deeper |publisher=Gordon, Arata, McCollam, Duplantis, and Fagan, LLC}}</ref> A PSA sets out the various rights and obligations of both the buyer and seller, and might also require other documents be executed and recorded in the public records, such as an assignment, [[Deed of trust (real estate)|deed of trust]], or [[farmout agreement]].<ref>{{cite web |last1=Samuel |first1=Hass |last2=Jolisa |first2=Dobbs |title=The Purchase and Sale Agreement: The Seller's View |url= |
The person, company, or other [[legal entity]] acquiring, receiving, and purchasing the property, stock, or other assets is referred to as the ''buyer'' and the entity disposing, conveying, and selling the assets is referred to as the ''seller''.<ref>{{cite web |last1=Simon |first1=Paul |url=http://www.drilldeeperblog.com/2014/07/a-litigators-perspective-on-the-purchase-and-sale-agreement-psa/ |title=A Litigator's Perspective on the Purchase and Sale Agreement |website=Drill Deeper |publisher=Gordon, Arata, McCollam, Duplantis, and Fagan, LLC}}</ref> A PSA sets out the various rights and obligations of both the buyer and seller, and might also require other documents be executed and recorded in the public records, such as an assignment, [[Deed of trust (real estate)|deed of trust]], or [[farmout agreement]].<ref>{{cite web |last1=Samuel |first1=Hass |last2=Jolisa |first2=Dobbs |title=The Purchase and Sale Agreement: The Seller's View |url=https://slidex.tips/download/the-purchase-and-sale-agreement-the-sellers-view-1}}</ref> |
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In the oil and natural gas industries, a PSA is the primary legal contract by which companies exchange oil and gas assets (including stock in an oil and gas business entity) for cash, debt, stock, or other assets.<ref>{{cite web|last1=Byrd|first1=Michael|title=Anatomy of a Purchase and Sale Agreement|url=http://www.bakermckenzie.com/files/Uploads/Documents/Global%20EMI/ar_emi_purchasesaleagreement_jul12.pdf|archive-url=https://web.archive.org/web/20140513234308/http://www.bakermckenzie.com/files/Uploads/Documents/Global%20EMI/ar_emi_purchasesaleagreement_jul12.pdf|url-status=dead|archive-date=2014-05-13|df=}}</ref> |
In the oil and natural gas industries, a PSA is the primary legal contract by which companies exchange oil and gas assets (including stock in an oil and gas business entity) for cash, debt, stock, or other assets.<ref>{{cite web|last1=Byrd|first1=Michael|title=Anatomy of a Purchase and Sale Agreement|url=http://www.bakermckenzie.com/files/Uploads/Documents/Global%20EMI/ar_emi_purchasesaleagreement_jul12.pdf|archive-url=https://web.archive.org/web/20140513234308/http://www.bakermckenzie.com/files/Uploads/Documents/Global%20EMI/ar_emi_purchasesaleagreement_jul12.pdf|url-status=dead|archive-date=2014-05-13|df=}}</ref> |
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Revision as of 15:11, 21 January 2020
A purchase and sale agreement (PSA) is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
The person, company, or other legal entity acquiring, receiving, and purchasing the property, stock, or other assets is referred to as the buyer and the entity disposing, conveying, and selling the assets is referred to as the seller.[1] A PSA sets out the various rights and obligations of both the buyer and seller, and might also require other documents be executed and recorded in the public records, such as an assignment, deed of trust, or farmout agreement.[2]
In the oil and natural gas industries, a PSA is the primary legal contract by which companies exchange oil and gas assets (including stock in an oil and gas business entity) for cash, debt, stock, or other assets.[3]
References
- ^ Simon, Paul. "A Litigator's Perspective on the Purchase and Sale Agreement". Drill Deeper. Gordon, Arata, McCollam, Duplantis, and Fagan, LLC.
- ^ Samuel, Hass; Jolisa, Dobbs. "The Purchase and Sale Agreement: The Seller's View".
- ^ Byrd, Michael. "Anatomy of a Purchase and Sale Agreement" (PDF). Archived from the original (PDF) on 2014-05-13.
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