International Purchase Contract
This International Purchase Contract (the “Contract”) is entered into this [date] (the “Effective Date”) between [Seller Name], a [country] corporation having its principal office at [seller address] (the “Seller”) and [Buyer Name], a [country] corporation having its principal office at [buyer address] (the “Buyer”).
Recitals
The Seller and Buyer desire to enter into this Contract in order to set forth the terms and conditions under which the Seller will supply certain goods (the “Goods”) to Buyer and under which Buyer will purchase the Goods from Seller.
By signing below, the parties agree as follows:
1. Identification of the Goods
The Seller agrees to supply the following Goods to Buyer: [insert list and specifications of Goods].
2. Price
The Goods shall be supplied to Buyer by Seller at a price of [insert amount] (the “Price”) for each [unit of measure] of the Goods. The Price does not include [specify (if applicable)] taxes, duties, insurance premiums or other similar charges.
3. Payment Terms
Buyer shall pay the Price for the Goods as follows: [insert payment terms]. The Seller shall provide the Buyer with an invoice for the Goods that has been approved by the Seller’s corporate office. All invoices must include the date of the transaction, a description of the Goods, the quantity and the price for each item.
4. Delivery Terms
The Goods shall be shipped to Buyer in [insert time frame], via [insert delivery method]. Title of the Goods shall transfer to Buyer upon receipt of payment by Seller.
5. Acceptance of Goods
The Buyer shall have a period of [insert number] days following delivery of the Goods to inspect and accept the Goods delivered by Seller. Buyer shall notify Seller in writing of any defects in the Goods, and Seller shall have an opportunity to remedy such defects. If Buyer does not notify Seller in writing of such defects, Buyer shall be deemed to have accepted the Goods.
6. Warranty
Seller warrants that the Goods shall be of good quality and shall be in accordance with the specifications set forth in this Contract. Seller shall bear all costs associated with repairing or replacing any faulty Goods supplied by Seller to Buyer.
7. Limitation of Liability
Neither party shall be liable to the other party for any indirect or consequential damages, or for any loss of profits or opportunity or other economic loss or damage arising in connection with this Contract or the Goods, even if the party has been advised of the possibility of such damages.
8. Dispute Resolution
This Contract shall be governed by and construed in accordance with the laws of [specify governing law]. Any dispute arising out of or in connection with this Contract, including any questions regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in [specify location] in accordance with the [specify arbitration rules].
9. Force Majeure
If Seller fails to perform its obligations under this Contract due to any act of God, war, strikes, fires, accident, natural disaster, or other cause beyond the reasonable control of Seller, Seller shall not be liable to the Buyer, and Buyer shall not have any claim against Seller in respect to such failure.
10. Assignment
This Contract, and the rights and obligations of the parties under this Contract, may not be assigned by either party without the prior written consent of the other party.
11. Severability
If any provision of this Contract is held to be invalid or unenforceable, then such provision shall be given its maximum enforceability, and the remainder of this Contract shall remain in effect and be construed accordingly.
12. Entire Agreement
This Contract represents the entire agreement between the parties with respect to the subject matter of this Contract and replaces all prior agreements, negotiations and understandings between the parties.
13. Notices
All notices, requests, consents and other communications required or permitted to be given under this Contract shall be in writing and shall be effective upon receipt if delivered personally or by commercial courier, or three (3) business days after being sent by facsimile and then confirmed by overnight mail or certified mail, or five (5) days after being sent by first-class mail.
IN WITNESS WHEREOF, each of the parties has caused this Contract to be duly executed by its duly authorized representative as of the date first mentioned above.
Signature:
[Seller Name]
By:
[Name]
Title:
[Title]
Signature:
[Buyer Name]
By:
[Name]
Title:
[Title]
