Free Wholesaling Contract

This legal agreement, called "the Agreement,” is effective as of [EFFECTIVE DATE], [Insert Year]. It is between [Your Company Name] of [Your Company Address] ("the Wholesaler") and [BUYER'S NAME] of [BUYER'S ADDRESS] ("the Buyer").

1. ORDERS

The Buyer commits to buying the listed products in Schedule A from the Wholesaler, who agrees to sell them. Both parties promise to follow the terms and conditions in this Agreement.

Schedule A: Listed Products

1. Product Name 1: Widget XZ-123

   a. Description: High-quality metal widget with advanced features.

   b. Unit Price: $10.00

   c. Minimum Order Quantity: 100 units

2. Product Name 2: Gizmo AB-456

   a. Description: Compact electronic gizmo with multiple functions.

   b. Unit Price: $25.00

   c. Minimum Order Quantity: 50 units

3. Product Name 3: Widgetizer WZ-789

   a. Description: Innovative tool for widget assembly.

   b. Unit Price: $50.00

   c. Minimum Order Quantity: 20 units

1.1 Confirmation of Purchase:

The Buyer acknowledges their obligation to purchase the listed products outlined in Schedule A, while the Wholesaler agrees to supply said products as per the agreement.

1.2 Reciprocal Agreement:

The Wholesaler commits to selling the specified products to the Buyer, reciprocating the Buyer's commitment to purchase them.

1.3 Agreement Stipulations:

Both parties agree to abide by the terms and conditions detailed in the agreement, which serve as the foundation for the transaction's execution.

1.4 Mutual Commitment:

The Buyer and the Wholesaler affirm their mutual commitment to strictly adhere to the terms and conditions outlined in the agreement for the successful completion of the transaction.

1.5 Adherence to Terms:

Both parties are bound to uphold the terms and conditions outlined in the agreement, ensuring a harmonious and compliant business relationship.

2. PRICING AND PAYMENT

The Buyer agrees to pay the Wholesaler for the Products at the prices outlined in Schedule A. All payments shall be made by the Buyer to the Wholesaler no later than the [Payment Due Date]. In the event of late payments, the Wholesaler may apply interest charges at a rate of [Rate in Percentage] per month.

2.1 Pricing Structure

The pricing for the Products is detailed in Schedule A, serving as a reference point for both parties. The Buyer must adhere to the agreed-upon prices for timely payment.

2.2 Payment Terms

Payments are to be made by the Buyer to the Wholesaler by the specified Payment Due Date. Late payments may incur interest charges at a rate of [Rate in Percentage] per month, as outlined in the agreement.

3. DELIVERY AND ACCEPTANCE

The Wholesaler shall deliver the Products to the Buyer's location as specified in this Agreement. The Buyer is deemed to have accepted the Products unless written notice of rejection is received by the Wholesaler within [NUMBER] days after delivery.

• Delivery Process: The Wholesaler commits to delivering the Products to the designated location stipulated in the agreement. This ensures timely receipt of the ordered items by the Buyer, facilitating smooth transactions.

• Acceptance Protocol: Unless the Buyer submits written notice of rejection within the specified timeframe after delivery, they are considered to have accepted the Products. This provision streamlines the acceptance process and clarifies the responsibilities of both parties.

4. QUALITY STANDARDS

The Wholesaler represents and warrants that the Products sold under this Agreement shall be free from defects in material and workmanship and shall substantially conform to the specifications approved by the Buyer.

• Defect-Free Assurance: The Wholesaler assures that the Products supplied will be free from any defects in both material and workmanship.

• Conformance to Specifications: Products are guaranteed to meet the specifications approved by the Buyer, ensuring they align with agreed-upon standards.

• Quality Control: Stringent quality control measures are in place to maintain the standard of the Products throughout the supply chain.

• Customer Satisfaction: The Wholesaler is committed to ensuring customer satisfaction by delivering Products that meet or exceed expectations in terms of quality.

• Warranty Coverage: Any deviation from the quality standards outlined will be addressed promptly, with appropriate warranty coverage provided to the Buyer.

5. INDEMNIFICATION

The Buyer agrees to indemnify, defend, and hold the Wholesaler harmless from any claims, demands, losses, causes of action, damage, lawsuits, and judgments, including attorneys' fees and costs, arising out of the Buyer's violation of this Agreement.

1. Scope of Indemnification: The Buyer is obligated to cover any expenses or liabilities incurred by the Wholesaler due to breaches of the agreement, encompassing legal costs, damages, and any associated litigation.

2. Protection Against Legal Claims: By agreeing to indemnify the Wholesaler, the Buyer assumes responsibility for any legal actions or claims brought against the Wholesaler as a result of the Buyer's actions or non-compliance with the terms outlined in the agreement.

3. Financial Safeguarding: This clause ensures that the Wholesaler is shielded from financial losses stemming from legal disputes or damages arising from the Buyer's failure to adhere to the terms and conditions specified in the agreement.

6. CONFIDENTIALITY

Every entity involved in this undertaking or agreement will be obligated to regard and treat all the information that they receive from the other involved parties as strictly confidential. This information is not to be disclosed or shared with any third party without obtaining written permission from the party who originally disclosed that information in the first place. This written consent must be taken before any potential act of disclosure. This underlines the absolute importance for both parties to respect and adhere to maintaining the confidentiality of any shared information.

7. FORCE MAJEURE

Neither party will be liable for any failure or delay in performance under this Agreement due to events beyond its reasonable control, provided that the delayed party notifies the other promptly of any such event and minimizes the impact of such delay.

8. TERMINATION

If either party materially breaches the Agreement, the other can end it. But the breaching party must first receive a detailed written notice and be given ___ days to correct the issue before termination.

• Material Breach: Either party has the right to terminate the Agreement if there is a substantial breach by the other party.

• Notice Requirement: Before termination, the breaching party must receive a detailed written notice outlining the breach.

• Opportunity to Remedy: The breaching party must be provided with a specific number of days to rectify the issue before termination takes effect.

• Correction Period: The Agreement specifies the duration within which the breaching party must address the identified issue to avoid termination.

• Formal Procedure: Termination must follow a formal process outlined in the Agreement, ensuring fairness and adherence to contractual obligations.

9. GOVERNING LAW

This Agreement is entirely governed by the laws of [Governing State].

• Jurisdiction: The Agreement explicitly states that all its provisions and aspects are subject to the laws and regulations of the specified jurisdiction, namely the state of [Governing State].

• Legal Compliance: By stipulating the jurisdiction of the state of [Governing State], this Agreement ensures adherence to the legal framework and compliance requirements established within that jurisdiction.

IN WITNESS OF WHEREOF, The Parties have executed this Wholesale Contract Agreement, acknowledging their commitment to the terms outlined herein.

[BUYER'S NAME]

[YOUR COMPANY NAME]

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