DEFINITIONS
“Supplier” refers to the party providing goods and services.
“Buyer” refers to the party purchasing goods and services.
“Goods” refers to the products supplied by the Supplier.
“Services” refers to the services provided by the Supplier.
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 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.
The Buyer agrees that the Supplier has the right to recover all monies owed, including interest and legal fees, using the “all monies” clause.
DELIVERY AND PERFORMANCE
The Supplier will use reasonable efforts to deliver goods and perform services in accordance with agreed-upon schedules.
The Buyer must notify the Supplier of any defects or non-conformities in goods or services within a reasonable time after delivery.
TITLE AND RISK
Title to goods passes to the Buyer upon full payment. Risk passes to the Buyer upon delivery.
WARRANTIES
The Supplier warrants that goods and services will conform to agreed specifications and will be free from defects.
The Buyer must notify the Supplier of any breach of warranty 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.
INTELLECTUAL PROPERTY
Any intellectual property rights associated with goods or services remain 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.
THP Shop [Buyer Name]
Signature: ________________ Signature: ________________
Date: 20 November 2023 Date: 20 November 2023
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