Agriculture Purchase Agreement
This Agriculture Purchase Agreement ("Agreement") is made and entered into as of the [Effective Date], by and between [Seller's Name], a [State of Incorporation] corporation with its principal place of business at [Seller's Address] ("Seller"), and [Buyer's Name], a [State of Incorporation] corporation with its principal place of business at [Buyer's Address] ("Buyer").
1. Definitions
1.1 "Products" shall mean the agricultural goods that are the subject of this Agreement, as specified in Schedule A.
1.2 "Delivery Date" shall mean the date specified by the Buyer for the delivery of the Products.
1.3 "Purchase Price" shall mean the price to be paid by the Buyer to the Seller for the Products as specified in Section 4.
2. Sale and Purchase
2.1 The Seller agrees to sell, and the Buyer agrees to purchase, the Products in the quantities and at the times specified in Schedule A.
2.2 The Buyer shall be responsible for supplying specification details and any relevant quality requirements in accordance with the terms laid down in this Agreement.
3. Delivery and Acceptance
3.1 The Seller shall deliver the Products to the location specified by the Buyer on or before the Delivery Date.
3.2 Risk of loss or damage to the Products shall pass to the Buyer upon delivery.
3.3 The Buyer shall inspect the Products upon receipt and notify the Seller within 5 days if the Products do not meet the specified standards or order requirements. Failure to notify the Seller within [number of days] days shall constitute acceptance of the Products.
4. Purchase Price and Payment
4.1 The Buyer agrees to pay the Seller the total sum of $10,000 for the Products, as outlined in Schedule A.
4.2 Payment shall be made within 7 days from the date of delivery and acceptance of the Products.
4.3 All payments shall be made in dollars and shall be inclusive of any applicable taxes, duties, and shipping costs, unless otherwise specified.
5. Warranties and Representations
5.1 The Seller represents and warrants that the Products shall be free from material defects and shall conform to the specifications provided by the Buyer.
5.2 The Buyer represents and warrants that they have the authority to enter into this Agreement and that their performance under this Agreement will comply with all applicable laws and regulations.
6. Limitation of Liability
6.1 Neither party shall be liable for any indirect, incidental, special, or consequential damages arising out of or in connection with this Agreement.
6.2 The Seller's liability for any claims related to defective Products shall not exceed the Purchase Price of the Products.
7. Termination
7.1 Either party may terminate this Agreement by providing 30 days written notice to the other party.
7.2 In the event of termination, the Buyer shall pay the Seller for all Products delivered and accepted up to the date of termination.
8. Force Majeure
8.1 Neither party shall be liable for any failure or delay in performance due to causes beyond its reasonable control, including but not limited to acts of God, war, labor disputes, or governmental orders.
8.2 The affected party shall notify the other party as soon as practicable of the existence of such force majeure conditions and resume performance as soon as reasonably feasible.
9. Governing Law
9.1 This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of law principles.
9.2 Any disputes arising under or in connection with this Agreement shall be resolved through arbitration, and the venue for such proceedings shall be [Location].
10. General Provisions
10.1 This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, and representations.
10.2 Any amendments or modifications to this Agreement must be in writing and signed by both parties.
10.3 If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Agriculture Purchase Agreement as of the Effective Date.
[Seller's Name]
[Date]
[Buyer's Name]
[Date]
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