This purchase and sale agreement template may be used as a base template for any type of California commercial purchase and sale transaction (i.e., office, retail, and industrial). This template includes practical guidance and drafting notes. This template incorporates California law, and is intended for use as a primary agreement with provisions applicable to existing tenants. The agreement is fairly neutral and contains drafting notes that suggest buyer friendly and seller friendly provisions. The drafting notes further help to explain the most notable clauses. Purchase agreement templates can range from fairly simple to extremely detailed and lengthy. Typically, purchase agreements for commercial real estate acquisitions and/or sales contain much more than the minimum information of identity of the parties to be bound, the property to be purchased or sold, the price to be paid (i.e., the consideration) and any other material terms necessary to the transaction. For a full listing of key content covering purchasing and selling commercial real estate, see Purchasing and Selling Commercial Real Estate Resource Kit. For additional guidance on purchasing and selling commercial real estate in California, see Purchasing and Selling Commercial Real Estate Resource Kit (CA).