Free Agriculture Trade Agreement

This Agriculture Trade Agreement (the "Agreement") is made and entered into as of January 1, 2065, by and between [YOUR COMPANY NAME], with its principal place of business located at [YOUR COMPANY ADDRESS] ("Party A"), and BinarYogi, with its principal place of business located at Santa Ana, CA 92701 ("Party B"). Party A and Party B are collectively referred to as the "Parties" and individually as a "Party."
WHEREAS, the Parties wish to establish the terms and conditions under which they will engage in the trade of agricultural goods and services, and
NOW, THEREFORE, in consideration of the mutual covenants and promises set forth herein, the Parties agree as follows:
I. Definitions
"Agricultural Products": Refers to all goods derived from farming and agriculture, including but not limited to corn, soybeans, wheat, and dairy products.
"Trade Territory": The geographic region where trade activities will occur, specifically the United States and California.
"Force Majeure": Any event beyond the reasonable control of a Party that prevents or delays the performance of obligations under this Agreement, such as natural disasters, pandemics, or geopolitical conflicts.
II. Purpose
The purpose of this Agreement is to outline the rights, duties, and obligations of each Party regarding the production, export, import, and sale of Agricultural Products in accordance with applicable laws and regulations.
III. Scope of Trade
Products Covered: This Agreement applies to the following agricultural products: corn, soybeans, wheat, and dairy products.
Exclusions: The following products are not covered under this Agreement: processed foods and beverages.
Quantities: Party A agrees to supply 500 metric tons of corn and 200 metric tons of dairy products to Party B per quarter, and Party B agrees to purchase the specified quantities under the agreed terms.
IV. Payment Terms
Pricing: The Parties agree that the price of the products will be $500 per metric ton of corn and $1,200 per metric ton of dairy products, subject to adjustments for market fluctuations as outlined in Section IX.
Payment Schedule: Payments shall be made on the 15th of each quarter, via electronic bank transfer to the designated account of the receiving Party.
Late Payments: A penalty of 1.5% per month will apply to late payments.
V. Delivery and Shipping
Delivery Terms: Party A shall deliver the products to Port AgriDock, Vancouver on CIF (Cost, Insurance, and Freight) basis.
Shipping Schedule: Deliveries will occur according to the agreed-upon schedule: March 1, June 1, September 1, and December 1 of each year.
Risk of Loss: Risk of loss or damage to the products shall pass to Party B upon arrival at Port AgriDock, Vancouver.
VI. Quality Standards
All products delivered under this Agreement shall meet or exceed the quality standards outlined in USDA Grade A regulations for crops and CFIA standards for dairy products.
Party A guarantees that all products are free from contaminants and comply with the food safety laws of the United States and California.
VII. Dispute Resolution
Negotiation: The Parties shall first attempt to resolve disputes through good-faith negotiations.
Arbitration: Any unresolved disputes will be referred to binding arbitration under the rules of the International Chamber of Commerce (ICC).
Jurisdiction: The courts of Santa Ana, California shall have exclusive jurisdiction over any legal disputes arising from this Agreement.
VIII. Term and Termination
Effective Date: This Agreement shall commence on January 1, 2065, and remain in effect for a period of 5 years.
Renewal: This Agreement may be renewed upon mutual written consent of the Parties.
Termination: Either Party may terminate this Agreement upon 90 days written notice for cause or without cause.
IX. Confidentiality
Both Parties agree to maintain the confidentiality of all trade secrets, pricing, and proprietary information disclosed under this Agreement.
X. Force Majeure
Neither Party shall be held liable for delays or failures in performance due to acts of God, war, natural disasters, pandemics, or other unforeseen events beyond their control.
XI. Amendments
This Agreement may only be amended or modified by a written agreement signed by both Parties.
XII. Entire Agreement
This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements, representations, and understandings, whether oral or written.
XIII. Notices
All notices required under this Agreement shall be sent to the following addresses:
Party A: [YOUR COMPANY NAME], [YOUR COMPANY ADDRESS], [YOUR COMPANY EMAIL]
Party B: BinarYogi, Santa Ana, CA 92701, inquire@binaryogi.mail
XIV. Signatures
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.
For [YOUR COMPANY NAME]:
Name: [YOUR NAME]
Title: Chief Executive Officer
Date: January 1, 2065
For BinarYogi:
Name: Chloe Emard
Title: Managing Director
Date: January 1, 2065
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This Agriculture Trade Agreement Template from Template.net is the perfect solution for businesses engaged in agricultural trade. This customizable and editable template, editable in our AI Editor Tool, outlines clear terms for agricultural product exchange, quality standards, pricing, and delivery, ensuring a smooth and formalized trade process for agricultural goods.
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