What must both parties do in a sales contract?

In a sales contract, both parties—namely the seller and the buyer—have specific obligations that they must fulfill for the agreement to be considered valid and enforceable. The seller is typically required to provide the goods or services as stipulated in the contract, while the buyer is expected to make payment in exchange for those goods or services. This mutual obligation is a fundamental principle of contract law, emphasizing that a contract is an agreement between two parties that involves reciprocal commitments.

When both parties uphold their responsibilities, it ensures that the contract is executed effectively, leading to satisfaction for both sides. If one party fails to meet their obligations, it could lead to breach of contract, which may result in legal repercussions or the need for remedies. Therefore, understanding that both the seller and buyer play crucial roles in fulfilling the terms of a sales contract is essential for effective business operations and relationships.