1. Parties: Identifies and provides complete details of the seller and buyer, including their full legal names, civil status, addresses, and tax identification numbers
2. Background: Establishes the context of the sale, confirming the seller's ownership and intention to sell, and the buyer's intention to purchase
3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation
4. Property Description: Detailed description of the property including exact address, boundaries, certificate of title number, and tax declaration details
5. Purchase Price: States the total purchase price and terms of payment, including any deposit or earnest money
6. Payment Terms: Specifies the payment schedule, method of payment, and consequences of default
7. Conditions of Sale: Details the conditions that must be met before the sale can be completed, including title requirements and property inspection
8. Representations and Warranties: Statements by the seller regarding the property's condition, ownership, and absence of liens or encumbrances
9. Closing and Transfer of Title: Specifies the closing date, requirements for transfer of title, and responsibilities of each party
10. Taxes and Expenses: Allocates responsibility for transfer taxes, registration fees, and other transaction costs
11. Default and Remedies: Describes what constitutes default and the remedies available to either party
12. Governing Law: Confirms that the agreement is governed by Philippine law and specifies the venue for dispute resolution
13. Execution: Formal closing section with signature blocks and notarization requirements
