Seller definition: Copy, customize, and use instantly
Introduction
The term "Seller" refers to an individual or entity that transfers ownership of goods, services, or assets to another party, typically for monetary compensation. It is essential for defining the party responsible for providing the items or services in a transaction.
Below are various examples of how "Seller" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Seller" in a commercial transaction
This definition ties "Seller" to commercial transactions for goods and services.
"Seller" means the party that sells goods or services to a buyer in exchange for monetary compensation, and who assumes the obligations and responsibilities specified in the sales agreement.
Definition of "Seller" in a real estate transaction
This definition connects "Seller" to real estate transactions.
"Seller" refers to the individual or entity that transfers ownership of real estate property to the buyer in exchange for the agreed-upon purchase price, and who is responsible for fulfilling the terms outlined in the sale contract.
Definition of "Seller" in an asset sale
This definition links "Seller" to the sale of assets.
"Seller" means the party that transfers ownership of specified assets, such as intellectual property, machinery, or inventory, to the buyer, and who ensures that the assets are free of liens or encumbrances at the time of transfer.
Definition of "Seller" in a purchase agreement
This definition applies "Seller" to purchase agreements.
"Seller" refers to the party that agrees to sell goods or services to the buyer as specified in the purchase agreement, and who is responsible for ensuring the delivery of the goods or services in accordance with the terms of the contract.
Definition of "Seller" in a business sale
This definition ties "Seller" to the sale of an entire business.
"Seller" means the individual or entity that sells the entirety or a portion of their business operations, including assets, liabilities, and intellectual property, to another party as agreed upon in a business sale agreement.
Definition of "Seller" in an e-commerce transaction
This definition connects "Seller" to e-commerce.
"Seller" refers to the person or entity that offers products or services for sale on an e-commerce platform and is responsible for fulfilling orders, managing inventory, and ensuring that goods or services meet specified standards.
Definition of "Seller" in a franchise agreement
This definition links "Seller" to franchise agreements.
"Seller" means the franchisor or franchisee that transfers the rights to operate a franchise business, including any associated intellectual property, trademarks, and operational procedures, to the buyer or franchisee.
Definition of "Seller" in a securities transaction
This definition applies "Seller" to securities transactions.
"Seller" refers to the individual or entity that sells financial instruments, such as stocks, bonds, or other securities, to a buyer, and who is responsible for ensuring the transfer of ownership and compliance with securities regulations.
Definition of "Seller" in a merger or acquisition
This definition ties "Seller" to mergers and acquisitions.
"Seller" means the company or entity that agrees to sell its shares, assets, or operations to another entity as part of a merger or acquisition agreement, and who is responsible for ensuring the smooth transfer of ownership and meeting the terms of the agreement.
Definition of "Seller" in a supply agreement
This definition connects "Seller" to supply agreements.
"Seller" refers to the party that agrees to provide goods or materials to a buyer under a supply agreement, ensuring the timely delivery and quality of the goods as specified in the contract.
Definition of "Seller" in a contract for sale
This definition applies "Seller" to contracts for sale.
"Seller" means the individual or entity that offers to sell a specified item or service to the buyer, and who is responsible for the execution of the sale in accordance with the terms set forth in the contract.
Definition of "Seller" in a conditional sale
This definition ties "Seller" to conditional sales.
"Seller" refers to the party that sells goods or property under a conditional sale agreement, where the transfer of ownership is contingent upon the buyer fulfilling certain obligations, such as making full payment.
Definition of "Seller" in a consignment agreement
This definition connects "Seller" to consignment agreements.
"Seller" means the party who consigns goods to a third party (the consignee) for sale, while retaining ownership of the goods until sold, and who is responsible for providing the goods as per the consignment terms.
Definition of "Seller" in a licensing agreement
This definition links "Seller" to licensing agreements.
"Seller" refers to the party that grants a license to another party, providing the rights to use intellectual property, trademarks, or patents, and who ensures the terms of the licensing agreement are met.
Definition of "Seller" in an installment sale agreement
This definition applies "Seller" to installment sale agreements.
"Seller" means the party that sells goods or property to the buyer under an installment sale agreement, where the buyer agrees to make periodic payments over time rather than a lump sum.
Definition of "Seller" in a loan agreement
This definition ties "Seller" to loan agreements.
"Seller" refers to the individual or entity that sells an asset in exchange for a loan, where the sale is structured as collateral for the loan repayment, and who is responsible for ensuring the transfer of ownership and compliance with the loan terms.
Definition of "Seller" in a buy-sell agreement
This definition connects "Seller" to buy-sell agreements.
"Seller" means the party who sells their ownership interest in a business or partnership to another party, as stipulated in the buy-sell agreement, and who ensures the transfer of ownership according to the agreement’s terms.
Definition of "Seller" in an auction sale
This definition links "Seller" to auction sales.
"Seller" refers to the individual or entity that places an item or property up for sale at an auction, and who is responsible for transferring ownership to the winning bidder once the auction concludes.
Definition of "Seller" in a retail sale
This definition ties "Seller" to retail transactions.
"Seller" refers to the business or individual who sells goods directly to consumers in a retail setting, responsible for ensuring the delivery of goods as per the terms of the sale.
Definition of "Seller" in a wholesale transaction
This definition connects "Seller" to wholesale transactions.
"Seller" means the entity that sells goods in bulk or large quantities to retailers, distributors, or other businesses, rather than directly to consumers.
Definition of "Seller" in a goods and services exchange
This definition links "Seller" to exchanges involving both goods and services.
"Seller" refers to the individual or business offering goods, services, or both to a buyer in exchange for agreed-upon compensation, and who is responsible for fulfilling the terms of the exchange.
Definition of "Seller" in a long-term contract
This definition applies "Seller" to long-term agreements.
"Seller" means the party entering into a long-term contract to provide goods or services to the buyer over an extended period, ensuring compliance with agreed timelines and specifications.
Definition of "Seller" in an intellectual property transaction
This definition ties "Seller" to intellectual property transactions.
"Seller" refers to the party who transfers ownership of intellectual property, such as patents, copyrights, or trademarks, to a buyer, ensuring the rights are properly conveyed and protected.
Definition of "Seller" in a contract for goods repair
This definition connects "Seller" to repair services.
"Seller" means the entity providing repair services for goods, where the "Seller" agrees to restore or improve the condition of the goods in exchange for payment, and ensures the service is completed as outlined in the contract.
Definition of "Seller" in a digital services transaction
This definition links "Seller" to digital service contracts.
"Seller" refers to the business or individual who sells digital services, such as software, SaaS products, or digital marketing, and ensures that the services are provided according to the terms and conditions agreed upon.
Definition of "Seller" in a subscription agreement
This definition applies "Seller" to subscription agreements.
"Seller" means the party offering subscription-based services or goods, where the buyer agrees to pay periodic fees for continuous access to the goods or services, and the "Seller" is responsible for providing the services as specified.
Definition of "Seller" in a purchase order
This definition ties "Seller" to purchase orders.
"Seller" refers to the individual or entity who agrees to deliver goods or services as specified in a purchase order, ensuring the fulfillment of terms outlined in the order.
Definition of "Seller" in a supply chain contract
This definition connects "Seller" to supply chain agreements.
"Seller" means the party in the supply chain responsible for providing goods or materials to the buyer or other parties, ensuring the timely and quality delivery of items in accordance with the supply chain contract.
Definition of "Seller" in a capital equipment transaction
This definition links "Seller" to capital equipment transactions.
"Seller" refers to the business or individual selling large, durable equipment, such as machinery or vehicles, that is essential to the buyer’s operations, and who ensures the goods meet specified standards.
Definition of "Seller" in a service-based agreement
This definition applies "Seller" to service-based contracts.
"Seller" means the party offering a specific service, such as consulting, maintenance, or design, and who agrees to fulfill the service requirements outlined in the contract.
Definition of "Seller" in a distribution agreement
This definition ties "Seller" to distribution agreements.
"Seller" refers to the entity that manufactures or sources goods and sells them to distributors, ensuring that the goods are delivered according to the terms of the distribution agreement.
Definition of "Seller" in a consignment sale
This definition connects "Seller" to consignment sales.
"Seller" means the party who entrusts goods to another party (the consignee) for sale, but retains ownership until the goods are sold, ensuring that the terms of the consignment agreement are met.
Definition of "Seller" in a trade-in transaction
This definition links "Seller" to trade-in agreements.
"Seller" refers to the individual or business offering goods for trade-in, often in exchange for credit toward the purchase of new goods, and ensures that the traded goods are properly valued.
Definition of "Seller" in an escrow sale
This definition applies "Seller" to escrow transactions.
"Seller" means the individual or entity who sells goods or property through an escrow arrangement, where an impartial third party holds the item until payment is made and the terms of the agreement are fulfilled.
Definition of "Seller" in a retail partnership
This definition ties "Seller" to retail partnerships.
"Seller" refers to the business entity involved in selling goods or services as part of a joint retail operation, ensuring that the terms of the partnership agreement regarding pricing and delivery are adhered to.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.