Sales Pricing Agreement

Sales Pricing Agreement

This Sales Pricing Agreement ("Agreement") is made and entered into as of [Month Day, Year], by and between [Your Company Name], a corporation organized and existing under the laws of [State], with its principal office located at [Your Company Address] ("Seller"), and [Your Partner Company Name], a corporation organized and existing under the laws of [State], with its principal office located at [Your Partner Company Address] ("Buyer").

WHEREAS, the Seller agrees to sell, and the Buyer agrees to purchase, certain products at the prices specified in this Agreement under the terms and conditions set forth herein.

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

I. Products and Pricing

A. List of Products

The Seller agrees to provide the Buyer with the following products under the terms of this Agreement:

Product Name

Model

Industrial Widgets

Model WX-2000

Electronic Components

Model EC-105

Packaging Materials

Model PK-75

B. Pricing Schedule

The following pricing applies to the products listed above, subject to the conditions stated in this Agreement:

Product Name

Price Per Unit

Industrial Widgets

$150

Electronic Components

$50

Packaging Materials

$5

C. Volume Discounts

Volume discounts shall apply based on the total quantity of each product ordered in a single purchase. The discount tiers are as follows:

Product Name

Total Quantity

Discount Percentage

Industrial Widgets

500-999

5%

Electronic Components

1,0000

10%

Packaging Materials

10,0000

5%

II. Payment Terms

A. Payment Schedule

The Buyer shall make payments according to the following schedule:

  1. Fifty percent (50%) of the total order value as a down payment within five (5) business days of the order confirmation.

  2. The remaining fifty percent (50%) of the total order value within thirty (30) days after the delivery of the products.

B. Payment Method

All payments shall be made via electronic funds transfer (EFT) to the Seller's designated bank account. The Seller will provide the necessary banking details upon order confirmation.

C. Late Payment Penalties

In the event of late payment, the Buyer will be subject to a late payment fee of one and a half percent (1.5%) per month on the outstanding balance. Continued delinquency in payment may result in suspension of future deliveries and/or termination of this Agreement.

III. Delivery Terms

  1. Delivery Schedule: The Seller agrees to deliver the products within thirty (30) days from the receipt of the down payment. Delivery timelines may vary based on the volume of the order and product availability.

  2. Delivery Location: All products shall be delivered to the Buyer's warehouse at their principal place of business. The Buyer is responsible for any additional shipping and handling costs if delivery is requested to an alternative location.

  3. Risk of Loss: Risk of loss or damage to the products shall pass to the Buyer upon delivery to the specified location. The Seller shall ensure that all products are properly packaged and insured during transit.

IV. Price Adjustments

  1. Market Conditions: The prices set forth in this Agreement are based on current market conditions. The Seller reserves the right to adjust pricing in the event of significant changes in market conditions, including but not limited to increases in raw material costs or changes in government regulations. Any such price adjustments will be communicated to the Buyer at least thirty (30) days in advance.

  2. Currency Fluctuations: If the transaction involves international sales, any significant fluctuations in exchange rates may also necessitate an adjustment in the pricing. The Seller will notify the Buyer of any price changes due to currency fluctuations as soon as they are identified.

  3. Notice of Adjustments: Any price adjustments shall be made in writing and agreed upon by both parties before the new prices take effect. This ensures transparency and allows both parties to make necessary adjustments to their procurement and sales strategies.

V. Termination

  1. Termination for Convenience: Either party may terminate this Agreement by providing sixty (60) days written notice to the other party. Upon termination, any outstanding orders must be fulfilled, and any outstanding payments must be settled.

  2. Termination for Cause: Either party may terminate this Agreement immediately if the other party breaches any material term of this Agreement and fails to remedy such breach within fifteen (15) days of receiving written notice of the breach.

  3. Effect of Termination: Upon termination of this Agreement, the Seller shall cease delivery of any additional products, and the Buyer shall pay for any products delivered up to the date of termination. All obligations regarding confidentiality and payment shall survive the termination of this Agreement.

VI. Governing Law

  1. Jurisdiction: This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of law provisions. Any disputes arising from this Agreement shall be resolved in the courts of [State].

  2. Dispute Resolution: In the event of a dispute, the parties agree to first attempt to resolve the matter through mediation. If mediation fails, the dispute shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association.

VII. Miscellaneous

  1. Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes any prior agreements or understandings, whether written or oral, relating to the subject matter hereof.

  2. Amendments: No amendment or modification of this Agreement shall be valid unless made in writing and signed by both parties.

  3. Severability: If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

  4. Assignment: Neither party may assign its rights or obligations under this Agreement without the prior written consent of the other party.

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

Seller's Signature:


[Your Name]

[Job Title]

[Your Company Name]

[Month Day, Year]

Buyer's Signature:



[Name]

[Job Title]

[Your Partner Company Name]

[Month Day, Year]

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