Free International Trade Agreement

This International Trade Agreement (hereinafter referred to as the "Agreement") is entered into on this 1st day of January, 2055 by and between:

1. [YOUR COMPANY NAME], a company duly incorporated and existing under the laws of California, having its principal place of business at [YOUR COMPANY ADDRESS] (hereinafter referred to as the "Exporter"); and

2. GoWorld, a company duly incorporated and existing under the laws of California, having its principal place of business at San Francisco, CA 94102 (hereinafter referred to as the "Importer").

The Exporter and Importer may hereinafter be collectively referred to as the "Parties" and individually as a "Party."

I. PURPOSE OF THE AGREEMENT

The purpose of this Agreement is to establish the terms and conditions under which the Exporter shall supply, and the Importer shall purchase, high-quality industrial machinery (hereinafter referred to as the "Goods") for distribution, resale, or use within East Asia.

II. DEFINITIONS

For the purposes of this Agreement, the following terms shall have the meanings ascribed to them below:

1. "Goods" refers to high-quality industrial machinery supplied by the Exporter.

2. "Delivery Point" means the agreed location where the Goods will be delivered, as specified in Article IV.

3. "Force Majeure" refers to circumstances beyond the reasonable control of either Party, including but not limited to natural disasters, acts of war, or government restrictions.

III. SCOPE OF SUPPLY

1. Specifications: The Goods supplied under this Agreement shall conform to the specifications outlined in Annex A.

2. Quantity and Quality: The Parties agree that the quantity and quality of Goods to be supplied shall be as specified in the Purchase Orders issued under this Agreement.

3. Packaging: Goods shall be packaged in compliance with ISO 9001 Standards to ensure safe transportation and handling.

IV. DELIVERY TERMS

1. Delivery Schedule: The Exporter shall deliver the Goods in accordance with the schedule outlined in Annex B.

2. Incoterms: The Parties agree to use CIF (Cost, Insurance, and Freight), as published by the International Chamber of Commerce, to govern delivery responsibilities.

3. Delays: Any delay in delivery shall be promptly communicated to the Importer, along with proposed corrective measures.

V. PRICE AND PAYMENT TERMS

1. Price: The price for the Goods shall be as specified in Annex C.

2. Currency: All payments shall be made in USD.

3. Payment Terms: Payment shall be made within 30 days of receipt of the Goods and a valid invoice, unless otherwise agreed in writing.

4. Taxes and Duties: Any applicable taxes, duties, or tariffs shall be borne by the Importer.

VI. WARRANTIES AND LIABILITY

1. Product Warranty: The Exporter warrants that the Goods shall be free from defects and conform to the agreed specifications for a period of 12 months from the date of delivery.

2. Limitation of Liability: Neither Party shall be liable for any indirect, incidental, or consequential damages arising from the performance or non-performance of this Agreement.

VII. FORCE MAJEURE

Neither Party shall be held liable for failure or delay in performing its obligations under this Agreement if such failure or delay is caused by Force Majeure. The affected Party shall notify the other Party within 7 days of the occurrence of such an event.

VIII. CONFIDENTIALITY

The Parties agree to keep all terms of this Agreement, as well as any proprietary or confidential information disclosed in the course of its execution, strictly confidential.

IX. GOVERNING LAW AND DISPUTE RESOLUTION

1. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of California.

2. Dispute Resolution: Any dispute arising out of or in connection with this Agreement shall be resolved through arbitration, conducted in San Francisco, California.

X. TERM AND TERMINATION

1. Term: This Agreement shall remain in effect for a period of 5 years, commencing on 1st January, 2055, unless terminated earlier in accordance with this section.

2. Termination for Cause: Either Party may terminate this Agreement by providing 30 days written notice in the event of a material breach by the other Party.

3. Termination for Convenience: This Agreement may be terminated by mutual written consent of the Parties.

XI. MISCELLANEOUS

1. Amendments: Any amendment to this Agreement must be made in writing and signed by both Parties.

2. Entire Agreement: This Agreement constitutes the entire agreement between the Parties and supersedes any prior agreements or understandings.

3. Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

4. Notices: All notices under this Agreement shall be sent to the addresses specified at the beginning of this document.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

[YOUR COMPANY NAME]:
[YOUR NAME]
CEO

GoWorld:
Johann Harvey
Managing Director

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