Wholesale Agreement

Wholesale Agreement

This Wholesale Agreement ("Agreement") is entered into as of [Date], ("Effective Date"), by and between [Your Name], a company organized and existing under the laws of [State], with its principal place of business at [Your Company Address] ("Wholesaler"), and [Retailer's Name], a company organized and existing under the laws of [State], with its principal place of business at [Retailer's Address] ("Retailer").


1. Purpose of Agreement

The primary objective of this particular Agreement is to lay down the terms, conditions, and provisions that will govern all the transactions involving the buying and selling of goods in large quantities, more commonly known as bulk quantities, at prices defined as wholesale between the two concerned parties, namely, the Wholesaler and the Retailer. Both these parties involved in the Agreement, that is, the Wholesaler and the Retailer amicably acknowledge the conditions of this Agreement and simultaneously declare their consent and agreement to the fact that this current Agreement will serve as the governing document for any transactions that take place between them, provided these transactions are exclusively related to the purchase and sale of goods at wholesale prices.

2. Terms of Sale

The terms of sale that are to be included will cover a wide variety of specific details but are not exclusively restricted to these aspects. Such details will comprise of the specifications outlining the exact characteristics of the goods, the descriptions presenting a clear understanding of the type and nature of the goods, and the quantities indicating the amount of the goods that the Retailer will be purchasing from the Wholesaler. If there should arise a need for any variations or modifications to these terms of sale, it is inherent that both the Retailer and the Wholesaler, as the involved parties, shall approach the necessary changes collectively, coming to a mutual agreement about them. To ensure clarity, accuracy, and legal standing, the agreed-upon adjustments must be documented in writing.

3. Delivery of Goods

The Wholesaler shall be responsible for the timely delivery of the goods to the location specified by the Retailer. Delivery dates and methods shall be agreed upon by both parties and documented in writing. In the event of any delay or failure in delivery, the parties shall work together to find a mutually acceptable solution.

4. Pricing

The pricing of the goods shall be determined by the Wholesaler and communicated to the Retailer in writing. Prices may be subject to change based on market conditions or other factors. Any pricing changes shall be communicated to the Retailer in advance, and both parties shall mutually agree upon such changes in writing.

5. Payment Terms

Payment for the goods shall be made by the Retailer to the Wholesaler by the agreed-upon terms. Unless otherwise specified, payment shall be made in [USD] within [30] days from the date of receipt of the invoice. Late payments may incur interest charges as specified in writing by the Wholesaler.

6. Termination

This Agreement may be terminated by either party involved. The termination can occur in the event of a material breach of any provision within this Agreement by the other party. The termination can only take place when the terminating party gives written notice to the other party regarding such a breach. However, any obligations that have accumulated or accrued before the effective date of the termination of this Agreement, are not relieved or nullified by the termination. Both parties remain responsible for these obligations despite the termination of this Agreement.

7. Confidentiality

Both parties who are involved in this agreement mutually consent that any information that is proprietary or sensitive, which has been disclosed to them by the other party during their business relationship, will be upheld in strict confidentiality. They must ensure that the privacy of such classified information is maintained at all times. This duty to preserve confidentiality is not limited to the duration of the agreement; rather, it extends beyond the termination of this agreement. Thus, even after the termination of this agreement, the obligation to maintain confidentiality persists and both parties are still required to keep the classified information confidential.

8. Governing Law

This Agreement that is put forth will be managed and interpreted using the laws of the specified state, which in this instance is [State]. Any disagreements, conflicts, or problems that stem from or are related to this Agreement must be settled and resolved purely through arbitration. This arbitration will be conducted in the mentioned state - [State]. The rules that will guide this arbitration process shall be as per the regulations of a particular Arbitration Organization, specifically [Arbitration Organization].

9. Entire Agreement

This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, between the parties. No modification or amendment to this Agreement shall be effective unless in writing and signed by both parties.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date first written above.

[YOUR NAME]

[DATE SIGNED]

[RETAILER'S NAME]

[DATE SIGNED]

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