Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
guaranteed-sale contract
contract between a real-estate agency and a property owner in which the agency agrees to buy the property at a guaranteed price after a specified length of time if it has not been sold under the listing agreement. ( The guaranteed price is usu. a substantial discount from the listed price. - Also termed guaranteed purdhasecontract.