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Contract for the Sale of Goods

This contract template outlines the terms and conditions for the sale of goods between a seller and a buyer. It is suitable for businesses engaged in the commercial exchange of products.

Updated 15d ago
sales contractgoods agreementpurchase agreementcommercial contractSMEAfrica

SELLER'S LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

CONTRACT FOR THE SALE OF GOODS

This Contract for the Sale of Goods ("Contract") is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between:

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

**Buyer:** {{buyer_company_name}}, a company duly incorporated and existing under the laws of {{buyer_country}}, with its principal place of business at {{buyer_address}} (hereinafter referred to as "Buyer").

The Seller and Buyer are collectively referred to as "Parties" and individually as "Party."

1. GOODS SOLD

The Seller agrees to sell and the Buyer agrees to purchase the following goods (hereinafter referred to as the "Goods"):

Description of Goods: {{goods_description}}

Quantity: {{quantity}}

Unit Price: {{unit_price}} {{currency}}

2. PURCHASE PRICE AND PAYMENT TERMS

**2.1 Purchase Price:** The total purchase price for the Goods shall be {{total_price}} {{currency}} ("Purchase Price").

**2.2 Payment Schedule:** The Buyer shall pay the Purchase Price as follows:

- An upfront payment of {{down_payment_percentage}}% ({{down_payment_amount}} {{currency}}) upon signing of this Contract.

- The remaining balance of {{balance_payment_percentage}}% ({{balance_payment_amount}} {{currency}}) shall be paid upon {{payment_condition, e.g., delivery, acceptance}}.

**2.3 Payment Method:** All payments shall be made by {{payment_method, e.g., bank transfer, cheque}} to the Seller's designated bank account: {{seller_bank_details}}.

3. DELIVERY

**3.1 Delivery Location:** The Goods shall be delivered to {{delivery_address}}.

**3.2 Delivery Date:** The Seller shall deliver the Goods on or before {{delivery_date}}.

**3.3 Incoterms:** Unless otherwise agreed in writing, delivery shall be made on {{incoterms, e.g., EXW, FOB, CIF}} basis as per Incoterms {{incoterms_year}}.

4. INSPECTION AND ACCEPTANCE

**4.1 Inspection:** The Buyer shall inspect the Goods upon delivery for any defects, damage, or non-conformance with the description in Section 1. The Buyer shall notify the Seller in writing of any such issues within {{inspection_period}} days of delivery.

**4.2 Acceptance:** Failure of the Buyer to notify the Seller within the specified inspection period shall constitute acceptance of the Goods.

5. WARRANTIES

**5.1 Seller's Warranty:** The Seller warrants that the Goods delivered are free from defects in material and workmanship and conform to the specifications outlined in Section 1 for a period of {{warranty_period}} from the date of delivery.

**5.2 Exclusions:** This warranty does not cover defects arising from improper use, negligence, accident, or unauthorized modifications by the Buyer.

6. LIMITATION OF LIABILITY

To the maximum extent permitted by law, the Seller's total liability for any claims arising out of or relating to this Contract shall not exceed the Purchase Price of the Goods. The Seller shall not be liable for any indirect, incidental, special, or consequential damages.

7. GOVERNING LAW AND DISPUTE RESOLUTION

**7.1 Governing Law:** This Contract shall be governed by and construed in accordance with the laws of {{governing_country}}.

**7.2 Dispute Resolution:** Any dispute, controversy, or claim arising out of or relating to this Contract, or the breach, termination, or invalidity thereof, shall be resolved through {{dispute_resolution_method, e.g., negotiation, mediation, arbitration}} in accordance with the rules of {{arbitration_institution, if applicable}} in {{arbitration_city, if applicable}}.

8. ENTIRE AGREEMENT

This Contract constitutes the entire agreement between the Parties and supersedes all prior discussions, negotiations, and agreements, whether oral or written, relating to the subject matter hereof.

9. SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Contract as of the date first written above.

**For Seller:**

_____________________________

Name: {{seller_signer_name}}

Title: {{seller_signer_title}}

Date: {{seller_signature_date}}

**For Buyer:**

_____________________________

Name: {{buyer_signer_name}}

Title: {{buyer_signer_title}}

Date: {{buyer_signature_date}}

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