Sale Of Goods Contract
SALE OF GOODS CONTRACT
This Sale of Goods Agreement (“Agreement”) is made and entered into this [Effective Date] by and between [Your Company Name], having its principal place of business at [Your Company Address] and registered under [Your Company Number], hereinafter referred to as “Seller”, and [Buyer Company Name], having its principal place of business at [Buyer Company Address] and registered under [Buyer Company Number], hereinafter referred to as “Buyer”.
1. DESCRIPTION OF GOODS
The individual or party acting as the seller in this agreement has given their consent and is fully dedicated to transferring ownership of certain goods, referred to in this document as the "Goods", to the second party, who is acting as the buyer. Concurrently, the buyer has also agreed and is fully committed to acquiring the aforementioned "Goods" from the seller. The specifics and detailed descriptors of these "Goods" being exchanged between both parties are as listed and described in the attached Schedule 1 adhering to this legally binding agreement.
1.1 Schedule 1: Description of Goods
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Item: Widget X Description: High-quality widget with advanced functionality. Quantity: 100 units Unit Price: $50
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Item: Gizmo Y Description: Compact gizmo designed for efficiency. Quantity: 200 units Unit Price: $30
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Item: Tool Z Description: Precision tool for industrial use. Quantity: 50 units Unit Price: $100
2. PRICE
The individual or party that is purchasing, hereafter referred to as the Buyer, is mandated to remit payment to the individual or party selling the goods, hereafter known as the Seller. The payment amount is as enumerated in Section 1: Schedule 1, about the cost of the Goods that are intended for sale. It should be noted unless it is distinctly mentioned to the contrary, that the agreed-upon price is inclusive of all costs stemming from the packaging of the Goods. Additionally, the price also covers any costs associated with the delivery of the Goods to the intended destination.
3. DELIVERY TERMS
Delivery of the Goods will take place at [Delivery Address]. The Seller will arrange for the Goods to be delivered on [Delivery Date].
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Delivery Address: The Goods will be delivered to the specified delivery address as agreed upon by both the Seller and the Buyer, ensuring accurate and timely receipt.
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Delivery Date: The Seller commits to delivering the Goods on the mutually agreed-upon delivery date, ensuring adherence to the specified timeline for the convenience of the Buyer.
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Delivery Arrangement: The Seller will make all necessary arrangements for the safe and efficient delivery of the Goods, ensuring they reach the Buyer in optimal condition as per the agreed terms.
4. PAYMENT TERMS
Payment for the Goods must take place on or before [Payment Date]. Payment must be made through [Payment Method].
4.1 Payment Date Requirement
It is mandatory to settle payment for the goods on or before the specified payment date to ensure timely transactions.
4.2 Designated Payment Method
All payments are to be facilitated exclusively through the prescribed payment method outlined for efficient and organized financial transactions.
4.3 Adherence to Payment Terms
Strict adherence to the stipulated payment terms is crucial to maintaining a smooth and transparent payment process, benefiting both parties involved.
5. WARRANTIES
Seller warrants that the Goods are free from any defects and fit for use. This warranty lasts for [Warranty Duration] from the date of delivery.
5.1 Defect-Free Goods
The seller guarantees that the goods are devoid of any defects, ensuring the buyer receives products of high quality and reliability.
5.2 Fit for Purpose
The warranty ensures that the goods are suitable for their intended use, providing reassurance to the buyer regarding the functionality and performance of the products.
5.3 Duration of Warranty
This warranty remains valid for the specified duration, starting from the date of delivery, offering protection to the buyer against any unforeseen issues that may arise within the defined timeframe.
6. OTHER TERMS
Other relevant terms and conditions to ensure a clear understanding and agreement between the Buyer and Seller are attached as Schedule 2.
6.1 Schedule 2: Other Terms and Conditions
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Quality Assurance: The Seller warrants that all goods supplied shall conform to the specifications agreed upon by both parties. In the event of any defects or non-conformities, the Seller shall promptly replace or repair the goods at no additional cost to the Buyer.
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Intellectual Property Rights: Any intellectual property rights associated with the goods supplied shall remain with the Seller unless otherwise agreed upon in writing.
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Confidentiality: Both parties agree to maintain the confidentiality of any proprietary or sensitive information disclosed during this agreement.
7. GOVERNING LAW AND DISPUTE RESOLUTION
This Agreement will be governed by laws of [Governing Law]. Any dispute that arises from this agreement, shall be resolved through amicable negotiations, if fails, it can be submitted to [Arbitration Place].
IN WITNESS WHEREOF, each of Seller and Buyer has caused this Agreement to be signed and delivered as of the date first above written.
[Seller's Company Name]
[Seller's Name]
[Seller's Email]
[Buyer Company Name]
[Buyer Name]
[Buyer Email]
