La. Civ. Code art. 2623
Current with changes from the 2024 legislative session, Chs. 3, 6-496, effective on or before 7/1/2024
An agreement whereby one party promises to sell and the other promises to buy a thing at a later time, or upon the happening of a condition, or upon performance of some obligation by either party, is a bilateral promise of sale or contract to sell. Such an agreement gives either party the right to demand specific performance.
A contract to sell must set forth the thing and the price, and meet the formal requirements of the sale it contemplates.
La. C.C. § 2623