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Contract duration: The Sales Agreement is entered into on August 1st, 2023. Total contract value: The Buyer agrees to purchase 5,000 Goods for a total of $25,000.
Company Overview: ACME, located at 123 Main Street, is the Seller in this Sales Agreement. They are the manufacturer/distributor of the Goods. Joe Smith, located at 456 5th Ave, is the Buyer in this Sales Agreement.
Opportunity Overview: The Seller will make available for sale 5,000 Goods to the Buyer. The Seller will deliver the Goods to the Buyer at the main office. The Buyer is entitled to inspect the Goods upon delivery and must reject them within five (5) business days if they are found to be unacceptable. The Seller will bear the risk of loss until the Buyer accepts delivery, and title to the Goods remains with the Seller until then.
Next Steps:
- The Seller will provide an invoice to the Buyer at the time of delivery, and all invoices must be paid within thirty (30) days.
- If the Buyer rejects the Goods, the Seller will be allowed a reasonable time to cure the deficiency.
- The Seller will not be liable for any delay or failure to perform due to circumstances beyond their control, and either Party may terminate the Agreement upon notice.
- In the event of termination, the Buyer is responsible for payment of all Goods delivered and accepted up to the termination date.
- The Seller disclaims all warranties and limits their liability for damages not related to negligence or breach.
- In case of a dispute, the Buyer’s sole remedy would be the purchase price of the defective Goods, plus any shipping costs paid.
- This Agreement is legal and binding and governed by the State and/or Country in which both Parties do business.
- The Parties acknowledge that this Agreement represents the entire agreement and any changes must be made in writing and signed by both Parties.
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