Supply Of Goods Contract
Supply Of Goods Contract
This Supply of Goods Contract ("Contract") is entered into on [Date], between [Your Name], located at [Your Company Address] (hereinafter referred to as the "Supplier"), and [Retailer Name], located at [Retailer Address] (hereinafter referred to as the "Retailer").
1. Parties Involved
Supplier:
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[Your Name]
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[Your Company Name]
Retailer:
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[Retailer Name]
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[Retailer Address]
2. Agreement to Sell and Purchase
The party defined as the Supplier in this contract hereby gives their consent and accepts their obligation to provide the goods as mentioned and detailed within this document. On the other side of this agreement, the party identified as the Retailer similarly gives their full agreement and accepts their obligation to acquire the goods under discussion. The aforementioned transaction between the Supplier and the Retailer is to be executed strictly according to the stipulations, terms, and conditions that are expressly laid out in the body of this Contract.
3. Description of Goods
The commodities that are expected to be delivered by the Supplier should incorporate computer hardware components of a high quality. This particular standard of quality and the type of computer components to be included in the supplies are set to be something that both party members have mutually agreed upon.
4. Pricing
The Retailer will have to agree on the price designated by the Supplier for the goods they will be purchasing. Any legally applicable taxes that might be related to the transaction or the goods themselves will not be included in the initial agreement of the price. These taxes, outside of the established price, will be the responsibility of the Retailer to pay.
5. Payment Terms
Payment for the goods shall be made by the Retailer to the Supplier by the following terms:
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Payment shall be due within 30 days from the date of receipt of the goods. The preferred method of payment is via electronic funds transfer (EFT) to the Supplier's designated bank account. A penalty of 1.5% per month will be applied to any overdue payments.
6. Delivery
The Supplier must transport the goods to the Retailer's specified location, a determination that should be collectively decided by the two parties. In addition, the provision of these goods should be made on the predetermined delivery date or earlier unless there is a subsequent mutual agreement that is documented in writing by the two parties which dictates a different arrangement should occur.
7. Warranties
The Supplier warrants that the goods supplied shall:
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Conform to the specifications outlined in this Contract.
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Be free from defects in materials and workmanship.
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Comply with all applicable laws and regulations.
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Any warranties provided by the Supplier shall survive delivery and inspection of the goods.
8. Governing Law
This Contract shall be governed by and construed by the laws of [Jurisdiction]. Any disputes arising under or in connection with this Contract shall be resolved through arbitration in [Arbitration Location] by the rules of the American Arbitration Association.
9. Signatures
This Contract may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute the same instrument. The parties hereto have executed this Contract as of the date first above written.
IN WITNESS WHEREOF, the parties have executed this Contract as of the date first above written.
[YOUR NAME]
[DATE SIGNED]
[RETAILER NAME]
[DATE SIGNED]
