net sale contract

net sale contract
One in which the principal agrees to accept a specified net price for property to be sold, and the agent's compensation for negotiating a sale is to be any amount received in excess of the specified figure. Loughlin v. Idora Realty Co., 259 Cal.App.2d 619, 66 CaLRptr. 747, 751, 752.
See also net listing

Black's law dictionary. . 1990.

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  • net sale contract — One in which the principal agrees to accept a specified net price for property to be sold, and the agent s compensation for negotiating a sale is to be any amount received in excess of the specified figure. Loughlin v. Idora Realty Co., 259… …   Black's law dictionary

  • net listing — A type of listing contract whereby the broker is only entitled to a commission to the extent that sales price exceeds the given amount. For example, a net listing of $15,000 where the property sold for $18,000 would result in a $3,000 commission …   Black's law dictionary

  • net listing — A type of listing contract whereby the broker is only entitled to a commission to the extent that sales price exceeds the given amount. For example, a net listing of $15,000 where the property sold for $18,000 would result in a $3,000 commission …   Black's law dictionary

  • sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… …   Black's law dictionary

  • Net smelter return — (NSR) is the gross revenue (total revenue minus production costs) that the owner of a mining property receives from the sale of the mine s metal/non metal products less transportation and refining costs. As a royalty it refers to the fraction of… …   Wikipedia

  • Contract Law of Saudi Arabia —    Contract Law of Saudi Arabia Legal System Hanbali School of Sharia Law, Sunni …   Wikipedia

  • sale — An agreement between a buyer and a seller on the price to be paid for a security, followed by delivery. Bloomberg Financial Dictionary * * * sale sale [seɪl] noun 1. [countable, uncountable] COMMERCE the act of selling someone property, food, or… …   Financial and business terms

  • Contract for difference — In finance, a contract for difference (or CFD) is a contract between two parties, typically described as buyer and seller , stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at… …   Wikipedia

  • Net metering in the United States — Main article: Net metering Net metering is an electricity policy for consumers who own (generally small) renewable energy facilities (such as wind, solar power or home fuel cells) or V2G electric vehicles. Net , in this context, is used in the… …   Wikipedia

  • sale — noun 1 act of selling sth; occasion when things are sold ADJECTIVE ▪ quick ▪ The price is low to ensure a quick sale. ▪ illegal ▪ the illegal sale of alcohol ▪ art …   Collocations dictionary

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