A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

A couple of years ago, this blog carried an article that briefly considered whether the gain realized by a taxpayer on the sale of a contract should be treated as ordinary income or capital gain for ...

When purchasing real estate, the buyer and seller enter into a contract. When the buyer is paying cash for the property or obtaining a loan from a third party, the primary contract between the seller ...