Sales Agreement

 

Sales Agreement

This Sales Agreement ("Agreement") is made on this ___ day of _, 20, by and between:
Seller: [Insert Seller’s Name], a [legal entity type] having its principal office at [Address], (hereinafter referred to as "Seller").
Buyer: [Insert Buyer’s Name], a [legal entity type] having its principal office at [Address], (hereinafter referred to as "Buyer").

Recitals

WHEREAS, Seller is engaged in the business of [describe the nature of business];
AND WHEREAS, Seller desires to sell and Buyer desires to purchase the items of property listed in this Agreement.

NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree as follows:

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1. Definitions

1.1 Purchase Price: The total amount to be paid by the Buyer is INR [Amount].
1.2 Goods/Services: [Detailed description of items/services being sold].
1.3 Delivery Date: The date by which Seller must deliver the goods, [insert date].

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2. Sale and Transfer

2.1 Seller agrees to sell, and Buyer agrees to purchase, the goods described in Exhibit A attached hereto.
2.2 The title and risk of the goods shall transfer to Buyer upon successful delivery and acceptance.

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3. Payment Terms

3.1 Buyer shall pay the purchase price via [payment method] within [timeframe, e.g., 30 days] from the invoice date.
3.2 Late payments shall attract an interest of [interest rate]% per month.

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4. Delivery and Inspection

4.1 The Seller shall ensure timely delivery of the goods to [delivery address].
4.2 Buyer has [number] days from the delivery date to inspect the goods and notify Seller of any defects or non-conformities.

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5. Representations and Warranties

5.1 Seller represents that the goods are free of any encumbrances and meet the specifications outlined in Exhibit A.
5.2 Buyer represents having the financial capacity to fulfill the payment obligations.

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6. Indemnification

6.1 Each party agrees to indemnify and hold the other harmless from any claims, liabilities, or losses arising out of breaches of this Agreement.

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7. Termination

7.1 Either party may terminate this Agreement in the event of a material breach that remains uncured for [number] days after notice.

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8. Dispute Resolution

8.1 Any dispute arising out of this Agreement shall be resolved through arbitration under the [Arbitration Rules] of [Jurisdiction], with the venue at [Location].

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9. Miscellaneous

9.1 Entire Agreement: This Agreement constitutes the entire agreement between the parties.
9.2 Amendments: No amendment shall be valid unless in writing and signed by both parties.
9.3 Governing Law: This Agreement shall be governed by the laws of [Jurisdiction].

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Signatures

Seller:
Name: ____________________
Signature: _________________
Date: _____________________

Buyer:
Name: ____________________
Signature: _________________
Date: _____________________

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Short Service Description

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Keywords

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