Sales Contract
1. Introduction
This Sales Contract ("Contract") is made and entered into on [Date], by and between [Your Name], with its principal place of business at [Your Company Address], hereinafter referred to as the "Seller", and [Buyer's Name], with its principal place of business at [Buyer's Address], hereinafter referred to as the "Buyer".
The Seller agrees to sell and the Buyer agrees to purchase the following Product:
Product Description: [Insert detailed description, including specifications, model numbers, quantities, etc.]
2. Agreement to Sell
The Seller hereby declares its intent to sell, and the Buyer agrees to purchase, the aforementioned Product in the quantities and specifications specified in this Contract.
3. Purchase Price
The parties hereby agree to the following purchase price and payment terms:
Purchase Price: [Insert agreed price, including currency]
Payment Terms: [Insert detailed payment terms, including any installment schedule, method of payment, and due dates]
4. Delivery
Delivery of the Product shall be made under the following terms and conditions:
Terms: Delivery terms are FOB destination.
Location: Product shall be delivered to [insert location].
Shipping: Seller shall arrange shipping via [insert method] at [Buyer/Seller]'s expense.
5. Title and Risk of Loss
Title and risk of loss shall transfer from the Seller to the Buyer upon delivery of the product to the specified location.
6. Warranties
The Seller warrants that the product shall conform to the specifications outlined in this Contract. Additionally, the Seller warrants that the product shall be free from defects in materials and workmanship for a period of [Insert warranty period] from the date of delivery. Any implied warranties are disclaimed to the fullest extent permitted by law.
7. Inspection and Acceptance
The Buyer shall have the right to inspect the product upon delivery. Acceptance shall be deemed to occur unless the Buyer notifies the Seller of any non-conformities within [Insert number] days of delivery. The Buyer may reject a non-conforming product, and the Seller shall promptly replace or refund it at its own expense.
8. Governing Law and Jurisdiction
This Contract shall be governed by and construed under the laws of [Insert governing law jurisdiction]. Any disputes arising out of or in connection with this Contract shall be resolved exclusively by the courts of [Insert jurisdiction].
9. Termination
This Contract may be terminated by either party upon the occurrence of any of the following conditions:
9.1 Breach of Contract
Either party commits a material breach of any provision of this Contract, and such breach remains uncured for a period of [Insert cure period] days after written notice thereof.
9.2 Insolvency
Either party becomes insolvent, files for bankruptcy, or becomes subject to any similar insolvency proceedings.
10. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Sales Contract as of the date first above written.
[Your Name]
[Your Company Name]
[DATE]
[BUYER'S NAME]
[DATE]
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