DEFINITIONS
“Supplier” refers to the party providing goods and services.
“Buyer” refers to the party purchasing goods for resale.
“Goods” refers to the products supplied by the Supplier for resale.
“Services” refers to any additional services provided by the Supplier related to the goods.
ORDERS AND ACCEPTANCE
All orders placed by the Buyer are subject to acceptance by the Supplier. The Supplier reserves the right to refuse any order.
Acceptance of an order by the Supplier creates a legally binding contract between the Buyer and the Supplier.
PRICING AND PAYMENT
Prices for goods and related services are as agreed upon in the contract or, in the absence of a written agreement, as listed in the Supplier’s price list.
Payment terms are [insert payment terms, e.g., 30 days from the date of invoice]. Late payments may incur interest charges in accordance with the Late Payment of Commercial Debts (Interest) Act 1998.
DELIVERY AND TITLE
The Supplier will use reasonable efforts to deliver goods in accordance with agreed-upon schedules.
Title to goods remains with the Supplier until full payment is received. Risk passes to the Buyer upon delivery.
WARRANTIES AND ACCEPTANCE
The Supplier warrants that goods will conform to agreed specifications and be free from defects.
The Buyer must inspect goods upon delivery and notify the Supplier of any defects or non-conformities within a reasonable time.
LIABILITY
The Supplier’s liability for any breach of contract, negligence, or other tort is limited to the value of the goods and services provided.
RESALE RESTRICTIONS
The Buyer agrees to use best efforts to promote and sell the goods. Resale of goods in violation of any restrictions may result in termination of the contract.
INTELLECTUAL PROPERTY
Any intellectual property associated with goods remains the property of the Supplier unless otherwise agreed in writing.
TERMINATION
Either party may terminate the contract with immediate effect in the event of a material breach by the other party.
CONFIDENTIALITY
Both parties agree to keep confidential any proprietary or confidential information disclosed during the term of the contract.
GOVERNING LAW AND JURISDICTION
This agreement shall be governed by and construed in accordance with the laws of England and Wales. Any disputes shall be subject to the exclusive jurisdiction of the courts of England and Wales.
IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the Effective Date.
[Supplier Name] [Buyer Name]
Signature: ________________ Signature: ________________
Date: 20 November 2023 Date: 20 November 2023
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