Contract Purchase Agreement_check Name

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

CONTRACT PURCHASE AGREEMENT

This Contract Purchase Agreement (hereinafter referred to as the “Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}} (the “Effective Date”), by and between:

**{{buyer_company_name}}**, a company duly incorporated and existing under the laws of {{buyer_jurisdiction}}, with its principal place of business located at {{buyer_address}} (hereinafter referred to as the “Buyer”), and

**{{seller_company_name}}**, a company duly incorporated and existing under the laws of {{seller_jurisdiction}}, with its principal place of business located at {{seller_address}} (hereinafter referred to as the “Seller”).

The Buyer and the Seller are hereinafter collectively referred to as the “Parties” and individually as a “Party.”

1. SCOPE OF AGREEMENT

The Seller agrees to sell and the Buyer agrees to purchase the goods/services (hereinafter referred to as the “Products/Services”) as described in Appendix A (Product/Service Schedule) attached hereto and incorporated by reference.

The quantity, specifications, and delivery schedule of the Products/Services shall be as set forth in Appendix A, or in subsequent Purchase Orders issued by the Buyer in accordance with this Agreement.

2. PURCHASE PRICE AND PAYMENT TERMS

The purchase price for the Products/Services shall be as specified in Appendix A or the relevant Purchase Order.

Payment terms shall be {{payment_terms}} days from the date of the invoice.

All payments shall be made in {{currency}} to the Seller’s nominated bank account, details of which shall be provided by the Seller.

In the event of late payment, the Buyer shall be liable to pay interest at a rate of {{interest_rate}}% per annum on the overdue amount.

3. DELIVERY AND ACCEPTANCE

The Seller shall deliver the Products/Services to {{delivery_address}} by the delivery date(s) specified in Appendix A or the relevant Purchase Order.

Risk of loss or damage to the Products/Services shall pass to the Buyer upon {{delivery_condition}}.

The Buyer shall inspect the Products/Services upon delivery and notify the Seller of any defects or non-conformities within {{inspection_period}} days of receipt. Failure to provide such notice shall constitute acceptance of the Products/Services.

4. WARRANTIES

The Seller warrants that the Products/Services supplied under this Agreement will be free from defects in material and workmanship for a period of {{warranty_period}} from the date of delivery.

The Seller further warrants that the Products/Services shall conform to the specifications set out in Appendix A and shall be fit for the purpose for which they are intended.

5. TERMINATION

Either Party may terminate this Agreement by giving {{notice_period}} days’ written notice to the other Party if the other Party commits a material breach of this Agreement and fails to remedy such breach within {{cure_period}} days of receiving written notice thereof.

This Agreement may also be terminated immediately by either Party if the other Party becomes insolvent, makes any assignment for the benefit of creditors, or files for bankruptcy.

6. GOVERNING LAW AND DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}.

Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall be settled by negotiation between the Parties.

If the Parties are unable to resolve the dispute through negotiation, the dispute shall be referred to mediation in accordance with the rules of {{mediation_body}}.

Failing successful mediation, the dispute shall be submitted to arbitration in accordance with the rules of {{arbitration_body}}.

7. ENTIRE AGREEMENT

This Agreement, including Appendix A, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether written or oral.

8. SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

**FOR THE BUYER:**

_________________________ Date: _________________________

Name: {{buyer_signatory_name}}

Title: {{buyer_signatory_title}}

**FOR THE SELLER:**

_________________________ Date: _________________________

Name: {{seller_signatory_name}}

Title: {{seller_signatory_title}}