To be safe, you should never sign a contract unless you have read it, fully understand it, and want to be legally bound to do what it says. If you are unsure, you should not sign, but should get legal advice. Once you sign it, the other party can take you to court to force you to carry it out, or to pay for their loss if you do not go ahead.
https://www.lawhandbook.sa.gov.au/ch10s02s05.php
Identification of the parties, the real estate property, and the agreed upon purchase price. The essential details, rights, and obligations of the contract. The contingencies or conditions that must be met. The condition of property, what is included, and what is not included.
https://www.thebalance.com/purchase-contract-1798612
This is where a person has signed a contract without any idea of its nature. However, this defence is not available just because the person was not careful and did not read the contract. It must be shown that, for example, through the person's illiteracy or poor vision the document signed was radically different in practical effect from the document the person believed she or he was signing.
https://www.lawhandbook.sa.gov.au/ch10s02s05.php
Cooling-off periods: In contracts to buy land, door-to-door sales contracts, and contracts to enter a retirement village, the law sets a cooling-off period for you to reconsider after signing. During this period you can legally opt out of the contract.
https://www.lawhandbook.sa.gov.au/ch10s02s05.php
Also known as a contract to purchase real estate or a residential purchase agreement, a real estate purchase contract is a binding, bilateral agreement between two or more parties with legal capacity for the purchase, exchange or other conveyance of real property. The contract is based on a legal consideration..
https://www.thebalance.com/purchase-contract-1798612
Signature Law: What Signing a Contract Means. There are several key things to know about signing a contract. Signing a contract means you’re agreeing to the terms within, including, of course, what end of the bargain you’re holding up. But did you know that some contracts don’t even need to be signed? It’s true.
https://www.rocketlawyer.com/article/signature-law-cb.rl
What's it mean when you put your pen to paper? Here's what you need to know about signing a contract, what it means, and when not to do it.
https://www.rocketlawyer.com/article/signature-law-cb.rl
It’s often in your best interest that you do not sign an agreement: 1  that still has unfilled blanks, whether for a date, an item, or a dollar amount; 2  if you feel threatened, or under duress; or. 3  if you feel like you don’t understand something and want to review it with a lawyer.
https://www.rocketlawyer.com/article/signature-law-cb.rl
Signature Law: What Signing a Contract Means There are several key things to know about signing a contract. Signing a contract means you’re agreeing to the terms within, including, of course, what end of the bargain you’re holding up.
https://www.rocketlawyer.com/article/signature-law-cb.rl
Here are a few things you should know about signing a contract: 1  Get started Start Your Contract for Services Answer a few questions. We'll take care of the rest. 2  Get started Start Your Contract for Services Answer a few questions. We'll take care of the rest.
https://www.rocketlawyer.com/article/signature-law-cb.rl
what is a signed contract
Signing a contract means you’re agreeing to the terms within, including, of course, what end of the bargain you’re holding up.