Supply of Goods Agreement

Supply of Goods Agreement

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AGREEMENT FOR THE SUPPLY OF GOODS THIS AGREEMENT is made on this day of_____, 20_____, (hereinafter referred to as the "Effective Date") BETWEEN: 1. _____________, a company incorporated under the laws of India, having its registered office at _____________ (hereinafter referred to as the "SUPPLIER"); AND 2. _____________, a company incorporated under the laws of India, having its registered office at _____________ (hereinafter referred to as the "PURCHASER"). The SUPPLIER and the PURCHASER shall collectively be referred to as the "Parties" and individually as a "Party". WHEREAS: (A) The SUPPLIER is engaged in the business of manufacturing and supplying _________; (B) The PURCHASER is desirous of purchasing _________ from the SUPPLIER; (C) The Parties wish to enter into this Agreement to set out the terms and conditions upon which the SUPPLIER will supply, and the PURCHASER will purchase the _________. NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 1. DEFINITIONS AND INTERPRETATION 1.1 The definitions and rules of interpretation in this clause apply in this Agreement. 2. SUPPLY OF GOODS 2.1 The SUPPLIER shall supply, and the PURCHASER shall purchase _________ in accordance with the terms and conditions set out in this Agreement. 3. ORDER AND DELIVERY 3.1 The PURCHASER shall place an order for the Goods by issuing a Purchase Order to the SUPPLIER. 4. PRICE AND PAYMENT 4.1 The Price of the Goods shall be as set out in Schedule 1. 5. QUALITY AND DEFECTS 5.1 The SUPPLIER warrants that the Goods will be free from defects in design, material, and workmanship. 6. INDEMNITY AND LIABILITY 6.1 The SUPPLIER shall indemnify the PURCHASER against all liabilities, costs, expenses, damages, and losses suffered or incurred by the PURCHASER. 7. FORCE MAJEURE 7.1 Neither Party shall be in breach of this Agreement nor liable for delay in performing, or failure to perform, any of its obligations under this Agreement if such delay or failure result from events, circumstances or causes beyond its reasonable control. 8. TERMINATION 8.1 This Agreement may be terminated by either Party by giving written notice to the other Party. 9. DISPUTE RESOLUTION 9.1 Any dispute arising out of or in connection with this Agreement shall be referred to and finally resolved by arbitration in accordance with the Arbitration and Conciliation Act, 1996. 10. GOVERNING LAW AND JURISDICTION 10.1 This Agreement shall be governed by and construed in accordance with the laws of India. The Parties agree to submit to the exclusive jurisdiction of the courts in _________, India. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date. __________________ __________________ (SUPPLIER) (PURCHASER) Please note that this is a basic template. It is advisable to seek legal counsel to ensure that your specific needs and circumstances are adequately covered in the contract. [Note: The assistant is not a lawyer and this should not be considered legal advice.]
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MM slash DD slash YYYY
MM slash DD slash YYYY
MM slash DD slash YYYY
Company Name Actions
 
Company Name Actions
 
Hidden
AGREEMENT FOR THE SUPPLY OF GOODS THIS AGREEMENT is made on this day of_____, 20_____, (hereinafter referred to as the "Effective Date") BETWEEN: 1. _____________, a company incorporated under the laws of India, having its registered office at _____________ (hereinafter referred to as the "SUPPLIER"); AND 2. _____________, a company incorporated under the laws of India, having its registered office at _____________ (hereinafter referred to as the "PURCHASER"). The SUPPLIER and the PURCHASER shall collectively be referred to as the "Parties" and individually as a "Party". WHEREAS: (A) The SUPPLIER is engaged in the business of manufacturing and supplying _________; (B) The PURCHASER is desirous of purchasing _________ from the SUPPLIER; (C) The Parties wish to enter into this Agreement to set out the terms and conditions upon which the SUPPLIER will supply, and the PURCHASER will purchase the _________. NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 1. DEFINITIONS AND INTERPRETATION 1.1 The definitions and rules of interpretation in this clause apply in this Agreement. 2. SUPPLY OF GOODS 2.1 The SUPPLIER shall supply, and the PURCHASER shall purchase _________ in accordance with the terms and conditions set out in this Agreement. 3. ORDER AND DELIVERY 3.1 The PURCHASER shall place an order for the Goods by issuing a Purchase Order to the SUPPLIER. 4. PRICE AND PAYMENT 4.1 The Price of the Goods shall be as set out in Schedule 1. 5. QUALITY AND DEFECTS 5.1 The SUPPLIER warrants that the Goods will be free from defects in design, material, and workmanship. 6. INDEMNITY AND LIABILITY 6.1 The SUPPLIER shall indemnify the PURCHASER against all liabilities, costs, expenses, damages, and losses suffered or incurred by the PURCHASER. 7. FORCE MAJEURE 7.1 Neither Party shall be in breach of this Agreement nor liable for delay in performing, or failure to perform, any of its obligations under this Agreement if such delay or failure result from events, circumstances or causes beyond its reasonable control. 8. TERMINATION 8.1 This Agreement may be terminated by either Party by giving written notice to the other Party. 9. DISPUTE RESOLUTION 9.1 Any dispute arising out of or in connection with this Agreement shall be referred to and finally resolved by arbitration in accordance with the Arbitration and Conciliation Act, 1996. 10. GOVERNING LAW AND JURISDICTION 10.1 This Agreement shall be governed by and construed in accordance with the laws of India. The Parties agree to submit to the exclusive jurisdiction of the courts in _________, India. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date. __________________ __________________ (SUPPLIER) (PURCHASER) Please note that this is a basic template. It is advisable to seek legal counsel to ensure that your specific needs and circumstances are adequately covered in the contract. [Note: The assistant is not a lawyer and this should not be considered legal advice.]
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