Which document outlines the items provided, their price, and payment terms in a sale?

The document that outlines the items provided, their price, and payment terms in a sale is a sales contract. This document serves as a formal agreement between the buyer and the seller, detailing the products or services to be exchanged, the agreed-upon prices, and any specific terms related to payment. It is critical for establishing clear expectations and obligations for both parties, which helps prevent misunderstandings and disputes.

A sales contract typically includes provisions related to delivery, warranties, and conditions of sale which may also include details about the timing of payments and any penalties for late payment, all of which contribute to its role as a comprehensive record of the transaction terms.

In contrast, an invoice is primarily a request for payment after the sale has occurred, while a bill of lading is a shipping document that outlines the details of transportation, and a creditor's claim is related to debts owed rather than the specifics of the sale itself.