To create a purchase and sale contract, first identify the buyer and seller by name and attach a description of the property for sale. Also, make sure that you explain what closing costs, such as loans or fees, are paid by the buyer and what fees are paid by the seller. In the main part of the document, define the terms of the sales contract, including any circumstances that would invalidate the contract. To complete the document, specify a time frame until the buyer can accept and close the sale. Then have your document reviewed by a qualified real estate lawyer for errors or missing items. The sale of goods is subject to Section 2 of the Commercial Uniform and has been handled by almost every U.S. jurisdiction.