contract to sell
noun[C,usually singular]
COMMERCEukuspluralcontracts to sellaformalagreementin which aperson,company, etc.agreestosellsomething to abuyerat atimein thefuture, and thebuyeragreestobuyit:
Aconditionalcontractissimilarto anormalcontracttosell, except that thecontractissubjectto thefulfilmentofcertainconditions.