Standard Trade Agreement
I. PARTIES TO THE AGREEMENT
This Standard Trade Agreement (hereinafter referred to as the "Agreement") is entered into on this 15th day of March, 2075, by and between:
[YOUR COMPANY NAME], a company duly organized and existing under the laws of United States, having its principal place of business at [YOUR COMPANY ADDRESS] (hereinafter referred to as the "Seller"); and
WinGroup, a company duly organized and existing under the laws of Washington, having its principal place of business at Seattle, WA 98101 (hereinafter referred to as the "Buyer").
The Seller and the Buyer are collectively referred to as the "Parties" and individually as a "Party."
II. DEFINITIONS
For the purposes of this Agreement, the following terms shall have the meanings assigned to them below:
"Goods": The products, commodities, or items specified in Section IV.
"Purchase Order": The formal document issued by the Buyer specifying the details of the Goods to be purchased.
"Delivery Date": The date by which the Seller must deliver the Goods to the Buyer as specified in the Purchase Order.
"Confidential Information": Any information disclosed by one Party to the other, whether oral or written, that is designated as confidential.
III. SUBJECT OF THE AGREEMENT
This Agreement sets forth the terms and conditions under which the Seller agrees to supply, and the Buyer agrees to purchase, the Goods specified in Section IV.
IV. GOODS AND SPECIFICATIONS
The Goods to be supplied by the Seller are detailed in Exhibit A: Product Description.
All Goods shall meet the specifications outlined in Exhibit A and comply with applicable legal and industry standards.
V. PRICE AND PAYMENT TERMS
Price: The total price for the Goods shall be as stated in the Purchase Order or as mutually agreed upon in writing.
Payment Terms: Payment shall be made by the Buyer within 30 days of the invoice date.
Currency: All payments shall be made in USD.
Payment Method: Payments shall be made via Bank Transfer.
VI. DELIVERY TERMS
Delivery Method: The Goods shall be delivered via Air Freight.
Delivery Location: The Goods shall be delivered to Seattle, WA 98101.
Delivery Schedule: Delivery shall occur on or before April 30, 2075.
Risk of Loss: The risk of loss or damage to the Goods shall transfer to the Buyer upon Delivery.
VII. WARRANTIES AND REPRESENTATIONS
The Seller warrants that the Goods shall be free from defects in material and workmanship for a period of 12 months.
Both Parties represent and warrant that they have the authority to enter into this Agreement and perform their obligations hereunder.
VIII. CONFIDENTIALITY
Each Party agrees to keep confidential and not disclose any Confidential Information received from the other Party.
This obligation shall survive the termination of this Agreement for a period of 5 years.
IX. TERMINATION
This Agreement may be terminated by either Party upon 30 days' written notice.
Either Party may terminate this Agreement immediately upon a material breach by the other Party.
X. INDEMNIFICATION
Each Party shall indemnify, defend, and hold harmless the other Party from any claims, liabilities, or damages arising out of its breach of this Agreement or negligence.
XI. FORCE MAJEURE
Neither Party shall be liable for any failure or delay in performance due to events beyond their reasonable control, including but not limited to natural disasters, war, strikes, or government actions.
XII. GOVERNING LAW AND DISPUTE RESOLUTION
Governing Law: This Agreement shall be governed by the laws of Seattle, Washington.
Dispute Resolution: Any disputes arising out of or relating to this Agreement shall be resolved through Arbitration in Seattle, Washington.
XIII. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements, understandings, or arrangements, whether oral or written.
XIV. AMENDMENTS
No modification or amendment to this Agreement shall be effective unless made in writing and signed by both Parties.
XV. SIGNATURES
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first written above.
[YOUR COMPANY NAME]:
[YOUR NAME], Director of Sales
March 15, 2075
WinGroup:
Sigmund Corwin, Procurement Manager
March 15, 2075
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