Free Trade Finance Agreement Template
Trade Finance Agreement
This Trade Finance Agreement (the "Agreement") is made and entered into as of March 15, 2063, by and between:
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[YOUR COMPANY NAME], a corporation organized and existing under the laws of United States, with its principal place of business at [YOUR COMPANY ADDRESS] (hereinafter referred to as the "Buyer"), and
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Blitzcraft, a corporation organized and existing under the laws of California, with its principal place of business at Glendale, CA 91201 (hereinafter referred to as the "Seller").
WHEREAS, the Buyer desires to purchase goods and services from the Seller, and the Seller desires to sell such goods and services to the Buyer under the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:
I. DEFINITIONS
For the purposes of this Agreement, the following terms shall have the meanings set forth below:
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"Goods": The products, merchandise, or materials to be purchased and delivered under this Agreement, as described in Schedule A.
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"Purchase Price": The total amount payable by the Buyer to the Seller for the Goods, as specified in Section V.
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"Payment Terms": The conditions under which payments are to be made, as detailed in Section VI.
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"Force Majeure": Any event beyond the reasonable control of either party, as defined in Section XIII.
II. SUBJECT MATTER
This Agreement governs the terms and conditions under which the Buyer shall purchase, and the Seller shall sell, the Goods specified in Schedule A, subject to the terms herein.
III. OBLIGATIONS OF THE PARTIES
A. Obligations of the Buyer
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Purchase the Goods in accordance with this Agreement.
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Make payments as specified in Section VI.
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Provide all necessary documentation required for the transaction.
B. Obligations of the Seller
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Deliver the Goods in accordance with the agreed specifications and schedule.
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Ensure compliance with all applicable laws and regulations.
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Provide all necessary export and shipping documentation.
IV. DELIVERY
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Delivery Location: The Goods shall be delivered to Glendale, CA 91201.
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Delivery Date: The Goods shall be delivered no later than April 30, 2063.
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Risk of Loss: Risk of loss shall transfer to the Buyer upon delivery to the specified location.
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Inspection: The Buyer shall inspect the Goods within 7 days of delivery and notify the Seller of any defects or non-conformities.
V. PURCHASE PRICE
The Buyer agrees to pay the Seller the total Purchase Price of $500,000 USD, as outlined in Schedule B.
VI. PAYMENT TERMS
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Method of Payment: Payments shall be made via wire transfer.
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Payment Schedule: Payments shall be made as follows:
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30% upon execution of this Agreement.
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50% upon shipment of the Goods.
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20% upon delivery and acceptance of the Goods.
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Late Payment: Late payments shall incur interest at the rate of 5% per annum.
VII. REPRESENTATIONS AND WARRANTIES
A. Seller’s Warranties
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The Goods shall conform to the specifications outlined in Schedule A.
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The Seller has the right to sell and transfer the Goods.
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The Goods shall be free of any liens or encumbrances.
B. Buyer’s Warranties
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The Buyer has the financial capability to fulfill its payment obligations.
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The Buyer shall comply with all applicable import regulations.
VIII. INDEMNIFICATION
Each party agrees to indemnify, defend, and hold harmless the other party from and against any and all claims, losses, damages, liabilities, and expenses arising from a breach of this Agreement.
IX. LIMITATION OF LIABILITY
Neither party shall be liable for any indirect, incidental, consequential, or punitive damages arising out of or in connection with this Agreement.
X. CONFIDENTIALITY
The parties agree to maintain the confidentiality of all proprietary or sensitive information disclosed in connection with this Agreement.
XI. TERMINATION
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Termination for Cause: Either party may terminate this Agreement upon written notice if the other party breaches any material term and fails to remedy such breach within 30 days.
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Termination for Convenience: The Buyer may terminate this Agreement for convenience upon 60 days’ prior written notice.
XII. FORCE MAJEURE
Neither party shall be held liable for failure to perform its obligations due to events beyond its reasonable control, including but not limited to natural disasters, war, or government actions.
XIII. GOVERNING LAW AND DISPUTE RESOLUTION
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Governing Law: This Agreement shall be governed by the laws of Glendale, California.
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Dispute Resolution: Any disputes arising under this Agreement shall be resolved through arbitration.
XIV. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements or understandings, whether written or oral.
XV. AMENDMENTS
Any amendments to this Agreement must be made in writing and signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
BUYER:
[YOUR COMPANY NAME]
By: [YOUR NAME], Chief Executive Officer
Signature: _________________________
March 15, 2063
SELLER:
Blitzcraft
Talia Jacobs, Director of Sales
Signature: _________________________
March 15, 2063