This Contract for the Sale of Goods (the “Sales Contract”) is made on [DATE],
BETWEEN: [YOUR COMPANY NAME] (the “Seller”), a corporation organized and existing under the laws of the [State/Province] of [STATE/PRIOVINCE], with its head office located at:
[YOUR COMPLETE ADDRESS]
AND: [BUYER NAME] (the "Buyer"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PRIOVINCE], with its head office located at:
[COMPLETE ADDRESS]
SALE OF GOODS
Seller agrees to sell, transport and deliver to Buyer, and Buyer agrees to purchase the following items in the following quantities and at the prices (the “Goods”):
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CONSIDERATION
Buyer will pay to Seller for the Goods and for all obligations specified in this Agreement, if any, as the full and complete purchase price, the sum of $______.
Unless otherwise stated, Seller shall be responsible for all taxes in connection with the purchase of Goods in this Agreement.
IDENTIFICATION OF GOODS
Identification of the goods to this agreement shall not be deemed to have been made until both buyer and seller have specified that the goods in question are to be appropriated to the performance of this agreement.
PAYMENT
Seller shall invoice Buyer upon the shipment of the Goods. Unless otherwise stated, payment for the Goods is due within ____ days of the date of Seller’s invoice, which date will not be before the date of Seller’s delivery of the Goods.
RECEIPT CONSTRUED AS DELIVERY
Seller shall ship the Goods to Buyer on or before __________ at the following address: ________________________. Seller will pay for any shipping costs.
RISK OF LOSS
The risk of loss from any casualty to the goods, regardless of the cause, shall be on seller until the goods have been accepted by buyer.
RIGHT OF INSPECTION
Buyer shall have the right to inspect the goods on arrival and, within [NUMBER] business days after delivery, buyer must give notice to seller of any claim for damages on account of condition, quality or grade of the goods, and buyer must specify the basis of the claim of buyer in detail. The failure of buyer to comply with these conditions shall constitute irrevocable acceptance of the goods by buyer.
WARRANT
IES
Buyer acknowledges that it has not relied on, and Seller has not made, any representations or warranties with respect to the quality or condition of the Goods, and it is purchasing the Goods on an “as is” basis. Seller expressly disclaims all warranties, whether express or implied, including any implied warranty of merchantability or fitness.
SECURITY INTEREST
Buyer hereby grants to Seller a security interest in the Goods, until Buyer has paid Seller in full for the Goods. Buyer shall sign and deliver to Seller any document needed to perfect the security interest in the Goods that Seller reasonably requests.
SELLER REPRESENTATION AND WARRANTIES
Seller warrants that the goods are free, and at the time of delivery will be free, from any security interest or other lien or encumbrance. Seller warrants that there are no outstanding titles or claims of title hostile to the rights of Seller in the Goods.
11. FORCE MAJEURE
Seller shall not be responsible for any claims or damages resulting from any delays in performance or for non-performance due to unforeseen circumstances or causes beyond Seller’s reasonable control.
12. GOVERNING LAW
The terms of this Agreement shall be governed by and construed in accordance with the laws of the State of _______________, not including its conflicts of law provisions.
13. DISPUTES.
Any dispute arising from this Agreement shall be resolved in the courts of the State of __________.
The parties have executed this agreement at [DESIGNATE PLACE OF EXECUTION] the day and year first above written.
SELLER BUYER
Authorized Signature Authorized Signature
Print Name and Title Print Name and Title