Sales

Sales in business can refer to the passage of ownership from one owner to another, a reseller agreement in which one agrees to operate as the seller of another's goods or services, or other technical types of agreements in which ownership is being transferred. Sale is a widely used term in business. Sales figures and trends are used to assess risk, create internal controls, benchmark, and determine rewards. Accountants study taxable and nontaxable sales. Business leaders use sales figures to measure success.

Provision of services, legally speaking, is governed by common law. Common law is law made by courts. There exists a large body of cases, from precolonial English law to interpretation and rules set by modern courts that can guide in structuring sales for services ...