WHOLESALE CONTRACT
This Wholesale Contract ("Agreement") dated on this [DATE] is entered into by and between [YOUR COMPANY NAME], a company incorporated and existing under the laws of the [CITY] with its registered address at [YOUR COMPANY ADDRESS] (hereinafter referred to as "Wholesaler") and [YOUR COMPANY NAME], a company incorporated under the laws of the [CITY] with its registered address at [YOUR COMPANY ADDRESS] (hereinafter referred to as the "Supplier").
1. Parties Involved
This Wholesale Supply Contract ("Contract") is entered into on [Date], ("Effective Date"), by and between:
[Your Name], with its principal place of business located at [Your Company Address] ("Wholesaler"), and [Buyer's Name], with its principal place of business located at [Buyer's Company Address] ("Buyer").
2. Definitions
2.1 Products
Shall mean the electronic components, including but not limited to microchips, capacitors, and resistors, to be supplied by the Wholesaler.
2.2 Price
2.3 Delivery Date
Shall mean the date on which the Products are to be delivered to Buyer's specified location, as outlined in Section 5, which is mutually agreed upon as the 15th of each month, starting from the commencement of this contract.
3. Products
The wholesaler agrees to supply the Buyer with the following Products:
Microchips:
Capacitors:
Resistors:
Any variations or changes to the above-listed Products shall be subject to mutual agreement between the Buyer and the Wholesaler in writing.
4. Price
4.1 Pricing
The Price for the Products shall be $X per unit unless otherwise agreed upon in writing by both parties.
4.2 Financial Terms
Any taxes, duties, or other additional fees related to the purchase and delivery of the Products shall be the responsibility of the Buyer.
5. Orders and Delivery
5.1 Order Placement Procedure
Buyer shall place orders for the Products in writing, specifying the quantity, delivery date, and any other relevant details.
5.2 Fulfillment and Delivery
The wholesaler shall use reasonable efforts to fulfill orders promptly and deliver the Products to the Buyer's specified location on or before the agreed-upon Delivery Date.
5.3 Communication of Delivery Delays
Any delivery delays shall be communicated promptly to the Buyer, along with a revised delivery schedule.
6. Payment Terms
6.1 Timely Payment
Payment for the Products shall be made by the Buyer to the Wholesaler within 30 days from the date of receipt of the invoice unless otherwise agreed upon in writing.
6.2 Late Payment Penalties
Late payments shall incur a late fee of 1.5% per month on the outstanding balance.
7. Quality Assurance
7.1 Product Conformity
Wholesaler warrants that the Products supplied under this Contract shall conform to the specifications and quality standards agreed upon by the parties.
7.2 Inspection Rights
Buyer shall have the right to inspect the Products upon delivery and notify Wholesaler of any non-conformities within 10 days of receipt.
8. Warranties and Guarantees
8.1 Product Warranty
Wholesaler warrants that the Products supplied under this Contract shall be free from defects in materials and workmanship for 90 days from the Delivery Date.
8.2 Warranty Obligations
The wholesaler's sole obligation under this warranty shall be to replace or repair any defective Products within a reasonable time frame, provided that the Buyer notifies the Wholesaler of such defects within the warranty period.
9. Liability
9.1 Limitation of Damages
Neither party shall be liable to the other for any indirect, incidental, consequential, or punitive damages arising out of or relating to this Contract.
9.2 Maximum Liability
The total liability of either party under this Contract shall not exceed the total Price paid by Buyer for the Products, except for cases of willful misconduct or gross negligence.
10. Termination
10.1 Material Breach Termination
Either party may terminate this Contract upon written notice to the other party in the event of a material breach that remains uncured for 30 days after written notice.
10.2 Obligations Post-Termination
Termination of this Contract shall not relieve either party of any obligations accrued before the effective date of termination.
11. Governing Law
This Contract shall be governed by and construed following the laws of [Jurisdiction]. Any disputes arising out of or relating to this Contract shall be subject to the exclusive jurisdiction of the courts of [Jurisdiction].
12. Entire Agreement
This Contract constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral.
13. 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. This Contract shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
IN WITNESS WHEREOF, the parties have executed this Contract as of the Effective Date first written above.
[YOUR NAME]
[YOUR COMPANY NAME]
[DATE]
[BUYER'S NAME]
[BUYER'S COMPANY NAME]
[DATE]
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