Sales Contract
This Sales Contract, hereinafter referred to as the “Contract”, is made and entered into on [Date] by and between [Seller Company], hereinafter referred to as the “Seller”, and [Buyer Company], hereinafter referred to as the “Buyer”.
1. SCOPE OF THE CONTRACT
The Seller shall sell and the Buyer shall purchase the following goods in accordance with the terms of this Contract:
• Goods: [Description of goods]
• Quantity: [Quantity of goods]
• Price: [Price of goods]
2. TERMS OF PAYMENT
The Buyer shall pay the Seller the total sum of [Total amount] by [Payment method] within [Payment terms] days after the delivery of the goods.
3. DELIVERY TERMS
The goods shall be delivered by the Seller to the Buyer in accordance with the following delivery terms:
• Delivery date: [Delivery date]
• Place of delivery: [Delivery address]
• Delivery method: [Delivery method]
4. INSPECTION AND ACCEPTANCE
Upon delivery of the goods, the Buyer shall inspect the goods and shall have [Inspection time] days to accept or reject the goods. The Buyer shall notify the Seller in writing of any defects or nonconformity of the goods within the inspection period.
5. WARRANTIES
The Seller warrants that:
• The goods are free from defects in material and workmanship;
• The goods conform to the description specified in this Contract;
• The goods are fit for their intended use.
6. FORCE MAJEURE
Neither party shall be liable for any failure or delay in the performance of its obligations under this Contract, other than the obligation to pay money, if the failure or delay is due to a force majeure event, such as an act of God, natural disaster, war, terrorism, labor strike, or government action.
7. CONFIDENTIALITY AND NONDISCLOSURE
Both parties shall treat all information obtained from the other party as confidential and shall not disclose the information to any third party without the prior written consent of the other party.
8. TERMINATION
This Contract may be terminated:
a. By mutual agreement of both parties; or
b. By either party if the other party breaches any material term or condition of this Contract.
9. GOVERNING LAW AND JURISDICTION
This Contract shall be governed by and interpreted in accordance with the laws of [Jurisdiction] without regard to its conflict of laws provisions. Any dispute arising out of or related to this Contract shall be settled through arbitration in accordance with the rules of [Arbitration rules] and the arbitration award shall be final and binding on both parties.
10. ENTIRE AGREEMENT
This Contract constitutes the entire agreement between the parties and supersedes all prior understandings, negotiations, and agreements between the parties. Any modification of this Contract shall be in writing and signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Contract as of the date first written above.
SELLER:
[Signature]
[Banner]
BUYER:
[Signature]
[Banner]
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