Definition - What does Vendee mean?

A vendee is a party who purchases something from a vendor.

In the context of the law, vendees are subject to the terms of the sale when they purchase things. So, if a sale is non-refundable, vendees cannot get their money back if they do not like the product.

Justipedia explains Vendee

The term "vendee" is commonly used in the buying and selling of real property; vendees are the people who buy the real estate.

It is common for vendees to use agents to help them to find and buy real estate. If a vendee uses an agent to buy real estate, then the agent must get legal permission from the vendee to speak and act on behalf of that vendee. Without such permission, it would be illegal for the agent to do so.

Share this:

Connect with us

Find a Lawyer