Meanings
The act of exchanging contracts.
The point or stage at which a conveyancing contract comes into existence between negotiating parties for the carrying out of a disposition of an estate in land; usually requiring the payment of a deposit.
Example Sentences
1
The exchange of contracts is the final step in the home-buying process.
2
We are just waiting for the exchange of contracts before we can move into our new office space.
3
The exchange of contracts occurred last week, so the construction on the house will start soon.
4
The exchange of contracts between the two companies solidified their partnership.
5
After the exchange of contracts, the buyer is legally bound to purchase the property.
