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In: Economics

draft a contract for the sale of goods

draft a contract for the sale of goods

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Expert Solution

Sale of Goods Agreement

This particular contract for the sale of goods is entered into as of enter contract date 10/03/2019 by and between John Michael Co. (the “Seller”), and SteelWorksCo. (the “Buyer”).

The parties shall have to agree as follows:

Sale of Goods: Pursuant to the terms and conditions of this Agreement, the Sellertotally agrees to transfer rights and ownership and deliver possession to the Buyer, and the Buyer shall pay for and accept from the Seller, the “Goods” listed at such prices as discussed and agreed by the Parties in this Agreement.

Description of Goods Sold: The Buyer is purchasing full and final description of goods as weel as quantity sold here from the Seller.

Purchase Price: As consideration for the sale of the goods, on delivery date, the Buyer shall pay to the Seller the purchase price of 20000$. Buyer Initial Here _________

Payment Terms: Unless otherwise stated, payment for the Goods is due within 30 days permitted for payment of the date of the Seller’s invoice regardless of circumstances

Seller’s Representations: The Seller hereby represents and warrants to the Buyer as follows:

The Seller has full right, power, and ownership to sell the Goods listes.

Delivery of Goods/Shipping: The Seller shall deliver the 1kg of Steel.

Date of Delivery: The Goods shall be delivered to the Buyer on or within stipulated delivery date whatsoever be circumstances Buyer Initial Here _________

Location of Delivery: The Seller shall deliver the Goods to the location specified by the Buyer as Atria Mall, 10, Big Lane, Washington DC. Buyer Initial Here _________

Delivery Notice: (Optional) The Seller shall provide the Buyer with the shipment tracking information once it is available so that the Buyer can track the Goods in transit. The Seller will inform the Buyer of any delays due to unforeseen situation that may affect the expected delivery date. Buyer Initial Here _________

Risk of Loss: The Seller adopts responsibility for the Goods, and all risk of damage, loss, insurance or delay of the Goods, until the Goods are delivered to or collected by the Buyer. Once the Goods have been delivered to or collected by the Buyer, the buyer shall have full responsibility and risk liability  

Refund and Cancellation Policy: Select which refund policy suits your business from the following: (a.) Refund/Cancellation (include what is applicable from section 6.1 & 6.2 and revise them to match your refund policy), (b.) Warranty. (include what is applicable from section 6.3 and revise it to match your warranty policy).

No Refunds: (Optional) The Seller shall repair or replace any unit or product or part of such Goods if found not a sper specified dimensions or expectations Buyer Initial Here _________

Warranty Policy: No waranty will be provided for the Goods delivered as described in the contract and seller is not liable ghereof. Buyer Initial Here _________

Representations:

Authority to Sign: Each party viz. Buyer and seller promises to the other party that it has the authority to enter into this Contract and to perform and abide all of its obligations under this Contract.

General:

Modification(s): To change anything in this Contract, the Client and the Business must agree to the change in writing and sign a document with all details.

Signatures: The Seller and the Business must sign the document either electronically or in hardcopy form of agreement If this document is signed in hard copy, it must be returned to the Business for valid record. Electronic signatures are accounted as originals for all purposes.

Term and Termination: If either of the parties chooses to end the Agreement prior to product delivery, the Buyer is responsible for paying for all sets of direct and indirect costs incurred up until that date and specific time.

Signatures :


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