What is a Sales Contract?

A sales contract is defined as an agreement between a seller and a customer regarding the sale of products. This definition encapsulates the essential elements of a sales contract, which typically includes terms such as the description of the goods, pricing, delivery schedules, and payment methods. The core purpose of this type of contract is to establish legally binding obligations that protect both parties involved in the exchange of goods, outlining what is expected from each party.

In contrast to the correct choice, the other options represent different types of agreements that do not relate specifically to the sale of products. For instance, an internal transaction contract would relate to agreements made within an organization rather than between a seller and an external customer. A promise to provide consulting services focuses on a different service-oriented relationship that does not involve the sale of tangible goods. Finally, a document detailing employment terms covers the specifics of an employment arrangement, which is unrelated to the sale of products or services between a seller and consumer.