Sales Framework Agreement Outline
I. Introduction
A. Title:
[Sales Framework Agreement]
B. Parties:
Seller: [Your Company Name]
Buyer: [ABC Inc.]
C. Effective Date:
[October 15, 2050]
D. Purpose:
This agreement outlines the terms and conditions for the sale of industrial machinery and related services by the Seller to the Buyer.
II. Definitions
A. Key Terms:
"Products/Services" - Refers to the industrial machinery and associated services as specified in Exhibit A.
"Price" - The cost per unit of the Products/Services.
"Delivery Schedule" - The agreed-upon dates for delivery of Products/Services.
III. Scope Of Agreement
A. Scope
This agreement covers the sale of industrial machinery and related services as described in Exhibit A.
B. Exclusions
This agreement does not cover any items not explicitly mentioned in Exhibit A.
IV. Term And Termination
A. Term:
This agreement is effective from the Effective Date and will continue for a period of [3 years].
B. Termination:
Either party may terminate this agreement with [30 days'] written notice.
V. Responsibilities And Obligations
A. Seller's Responsibilities:
Manufacturing and delivering Products/Services according to the Delivery Schedule.
Maintaining product quality and adherence to industry standards.
B. Buyer's Responsibilities:
Providing accurate purchase orders.
Timely payment of invoices as per Section VI.
VI. Pricing And Payment
Product/Service | Quantity | Unit Price | Total Price |
Product A | 10 | $10,000 | $100,000 |
Product B | | | |
Pricing: Prices for Products/Services are as outlined in the table above.
Payment: Buyer shall make payment within [30] days of receipt of an invoice.
VII. Intellectual Property Rights
All intellectual property rights related to the Products/Services remain with the Seller.
VIII. Confidentiality
Both parties agree to protect and not disclose confidential information as per the separate Non-Disclosure Agreement.
IX. Dispute Resolution
A. Resolution
Any disputes shall be resolved through arbitration in [State].
B. Governing Law
This agreement is governed by the laws of [State].
X. Force Majeure
A. Force Majeure Events
Neither party shall be liable for any delay or failure in performance due to force majeure events.
B. Procedures
The affected party shall promptly notify the other party of such events.
XI. Governing Law And Jurisdiction
A. Governing Law
This agreement is governed by the laws of [State].
B. Jurisdiction
Any legal actions arising from this agreement shall be conducted in the courts of [State].
XII. Amendments And Modifications
Any changes to this agreement require written consent from both parties.
XIII. Entire Agreement
This outline represents the entire understanding between the parties.
XIV. Signatures
By signing below, the parties acknowledge and agree to the terms of this Sales Framework Agreement.
Buyer’s Signature:
Seller’s Signature:
Sales Templates @Template.net
