What Is A Contract For The Supply Of Goods

Table of contents:

What Is A Contract For The Supply Of Goods
What Is A Contract For The Supply Of Goods

Video: What Is A Contract For The Supply Of Goods

Video: What Is A Contract For The Supply Of Goods
Video: Supply Contracts Part 1 2024, May
Anonim

The contract for the supply of goods, which is one of the varieties of the sales contract, is a document governing the relationship between the supplier and the buyer. Under the terms of the contract, the supplier, within the time specified in the document, undertakes to transfer the goods to the ownership of the buyer, who, in turn, undertakes to accept the goods and pay for it the amount of money specified in the contract.

What is a contract for the supply of goods
What is a contract for the supply of goods

Instructions

Step 1

The supplier in the supply agreement, in contrast to the purchase and sale agreement, is a commercial organization or a private entrepreneur. Non-profit organizations have the right to conclude such agreements only if their constituent documents provide for the possibility of performing the functions of a supplier.

Step 2

Another significant difference between the supply contract and the sales contract is that the supplied goods do not provide for use for household, family or personal purposes: they are intended only for business activities.

Step 3

In the subject of delivery, it is imperative to indicate the name of the product, its range and quantity. The specification for the contract or in its text itself must contain the price at which the goods will be delivered. In a situation where prices for goods change daily, it becomes meaningless to change the corresponding clause of the contract every time. In this case, it is necessary to indicate the procedure for determining the price, for example, according to the supplier's price list.

Step 4

Since the term of the contract is not equal to the delivery time of the goods, the delivery schedule for individual consignments should be specified in the contract in order to avoid disputes. In addition, do not forget about the importance of such clauses of the contract as the procedure for receiving goods and after-sales service.

Step 5

It is also necessary to clearly define the responsibility of the parties, the cases when the parties can be exempted from it, and indicate the amount of penalties. In addition, the agreement must specify in detail the most detailed list of emergency situations, preventing the slightest abuse by the counterparty, and the procedure for releasing the parties from liability.

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