Notice of Buyer's Disposition of Rightfully Rejected Goods

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Notice of Buyer's Disposition of Rightfully Rejected Goods

Notice of Buyer's Disposition of Rightfully Rejected Goods

Date of Notice

{{date}}

Seller Information

Seller Name: {{seller_name}}

Seller Address: {{seller_address}}

Seller Contact Person: {{seller_contact_person}}

Seller Phone: {{seller_phone}}

Seller Email: {{seller_email}}

Original Order / Invoice Details

Order Number: {{order_number}}

Invoice Number: {{invoice_number}}

Order Date: {{order_date}}

Delivery Date: {{delivery_date}}

Details of Rejected Goods

Description of Goods: {{goods_description}}

Quantity Rejected: {{quantity_rejected}}

Reason for Rejection: {{reason_for_rejection}} (e.g., defects, non-conformity to specifications, late delivery)

Date of Rejection Notification: {{rejection_notification_date}}

Buyer's Actions Regarding Disposition

Despite a reasonable period having elapsed since our notification of rejection on {{rejection_notification_date}}, we have not received adequate instructions for the return or other disposition of the rejected goods from your esteemed company.

In order to mitigate further losses and in accordance with our rights under applicable commercial law, we have proceeded with the disposition of the goods described above. The method of disposition was {{method_of_disposition}} (e.g., public sale, private sale, storage).

Details of Disposition:

Date of Disposition: {{disposition_date}}

Proceeds from Disposition: {{proceeds_amount}}

Expenses Incurred (e.g., storage, handling, selling costs): {{expenses_incurred_amount}}

Net Proceeds (if applicable): {{net_proceeds_amount}}

Accounting of Proceeds and Damages

The proceeds from the disposition, less any reasonable expenses incurred by us in connection with the inspection, receipt, transportation, care and custody of the goods, and their subsequent sale, have been applied to offset the purchase price or other damages incurred by us as a result of the non-conforming tender.

A detailed breakdown of expenses and net proceeds is attached hereto as Annexure A.

Any remaining balance owed to us (or by us) will be communicated separately or settled according to the terms of our original agreement.

Buyer's Reservation of Rights

Please note that this disposition does not constitute a waiver of any other rights or remedies we may have against your company arising from the breach of contract, including but not limited to, claims for damages, lost profits, or consequential losses.

Call to Action / Next Steps

We request your prompt acknowledgement of this notice. Should you require further clarification or wish to settle any outstanding balances, please contact us within {{number_of_days}} days from the date of this notice.