Sales Contract Sample

This Sales Contract ("Contract") is made and entered on [Month Day, Year], by and between [Your Company Name] ("Seller"), a company with its principal place of business located at [Your Company Address], and [Your Partner Company Name] ("Buyer"), a company with its principal place of business located at [Your Partner Company Address].

WHEREAS, the Seller agrees to sell, and the Buyer agrees to purchase, the Goods described herein under the terms and conditions of this Contract.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

I. Goods to be Sold

1. Description of Goods: The Seller agrees to provide the Buyer with five hundred (500) units of high-performance industrial-grade air compressors, [Model XJ-2025]. Each unit is equipped with an automatic pressure control system, energy-efficient motor, and a digital display for monitoring operational metrics, ensuring optimal performance and reliability for industrial use.

2. Quantity: The Buyer agrees to purchase a total of five hundred (500) units of the specified air compressors, ensuring that their operational needs are met with sufficient inventory to support ongoing and future projects.

3. Specifications: Each air compressor unit must adhere to the following specifications:

Maximum Pressure:	150 PSI
Motor Power	5.0 HP
Power Supply:	240V
Tank Capacity:	60-gallon
Software:	ISO 1217

II. Purchase Price

A. Total Purchase Price

The total purchase price for the five hundred (500) units of air compressors is one million two hundred fifty million dollars ($1,250,000), calculated at two thousand five hundred dollars ($2,500) per unit. This price includes all applicable taxes, duties, and fees.

B. Payment Terms

1. The Buyer shall make an initial payment of two hundred fifty thousand dollars ($250,000) upon signing this Contract.

2. The remaining balance of one million dollars ($1,000,000) shall be paid in two (2) equal installments of five hundred thousand dollars ($500,000).

3. The first installment is due upon delivery of the goods, ensuring that the Seller receives compensation as the goods are transferred.

4. The second installment is due thirty (30) days after delivery, allowing the Buyer time to inspect the goods and ensure they meet the agreed-upon specifications.

C. Method of Payment

Payments shall be made via wire transfer to the Seller's designated bank account, details of which will be provided separately. All payments must be made in U.S. dollars, ensuring clarity and consistency in financial transactions.

III. Delivery of Goods

1. Delivery Date: The Seller shall deliver the goods no later than [Month Day, Year], providing the Buyer with a clear timeline for when the goods will be received, allowing for proper planning and resource allocation.

2. Delivery Location: The goods shall be delivered to the Buyer's designated warehouse located at [Your Company Address]. This location has been selected to ensure easy access for the Buyer and efficient distribution of the goods to their final destinations.

3. Risk of Loss: Risk of loss or damage to the goods shall transfer from the Seller to the Buyer upon delivery of the goods to the delivery location.

4. Shipping Costs: The Seller shall bear all shipping and insurance costs associated with the delivery of the goods to the specified location. This arrangement ensures that the Buyer does not incur additional costs beyond the agreed purchase price.

IV. Inspection and Acceptance

1. Inspection Period: The Buyer shall have ten (10) business days from the date of delivery to inspect the goods and notify the Seller in writing of any defects or non-conformities. This period allows the Buyer ample time to thoroughly assess the quality and condition of the goods received.

2. Acceptance: If the Buyer does not notify the Seller of any defects or non-conformities within the inspection period, the goods shall be deemed accepted by the Buyer.

3. Rejection: If the Buyer identifies any defects or non-conformities within the inspection period, the Buyer may reject the goods by providing written notice to the Seller. The Seller shall, at its option, either replace the defective goods or issue a full refund to the Buyer.

V. Warranties

1. Warranty of Title: The Seller warrants that it has good and marketable title to the goods, free from any liens or encumbrances, and has the right to sell and transfer such goods to the Buyer. This warranty provides assurance to the Buyer that the goods are legally owned by the Seller and can be transferred without any legal issues.

2. Warranty of Quality: The Seller warrants that the goods conform to the specifications outlined in this Contract and are free from defects in materials and workmanship for a period of one year from the date of delivery.

3. Duration of Warranty: The warranty provided by the Seller shall remain in effect for a period of one year from the date of delivery of the goods. This duration provides the Buyer with sufficient time to identify any issues and seek remedy under the warranty.

VI. Governing Law

1. Jurisdiction: This Contract shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflict of laws principles. By specifying the governing law, both parties agree to the legal framework that will be used to interpret and enforce the Contract.

2. Dispute Resolution: Any disputes arising out of or in connection with this Contract shall be resolved through binding arbitration in the State of [State], in accordance with the rules of the American Arbitration Association.

VII. Miscellaneous

1. Amendments: Any amendments or modifications to this Contract must be in writing and signed by both parties. This ensures that any changes to the agreement are documented and agreed upon by both parties.

2. Severability: If any provision of this Contract is found to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect. This clause protects the integrity of the Contract, ensuring that it remains enforceable even if one part is deemed invalid.

3. Assignment: Neither party may assign its rights or obligations under this Contract without the prior written consent of the other party. This ensures that both parties maintain control over their respective rights and obligations under the agreement.

4. Notices: All notices required or permitted under this Contract shall be in writing and delivered to the parties at their respective addresses as set forth above. This clause ensures that all communications between the parties are formalized and properly documented.

IN WITNESS WHEREOF, the parties hereto have executed this Sales Contract as of the day and year first above written.

[Your Company Name] Signature:

[Your Name]

[Job Title]

[Month Day, Year]

[Your Partner Company Name] Signature:

[Name]

[Job Title]

[Month Day, Year]

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