International Import Agreement
This International Import Agreement (hereinafter referred to as “Agreement”) is made and entered into on this [date] Day of [Month], year [YEAR], by and between [Country A], a [government/state] of [Country], having its principal place of business at [Address] (“Party A”) and [Country B], a [government/state] of [Country], having its principal place of business at [Address] (“Party B”), collectively referred to as “the Parties,” and each, a “Party”.
Recitals
WHEREAS, Party A has set up a trading company in [Country B];
WHEREAS, Party B, in consideration of the provisions contained herein, agrees to supply [specify product] to Party A;
WHEREAS, both Parties have agreed to the terms of this Agreement and the scope of their obligations and rights;
NOW, THEREFORE, in consideration of the Parties’ mutual promises and intentions, the Parties agree as follows:
Article 1 – Definitions
1.1 “Sales Price” shall mean the price agreed upon by the Parties regarding the sale of the Products from Party B to Party A.
1.2 “Products” shall mean the [specify product] and/or related goods that Party B agrees to supply to Party A.
1.3 “Terms” shall mean the applicable payment, delivery and other applicable terms associated with the sale of the Products from Party B to Party A.
1.4 “Delivery Date” shall mean the date on which the Products are expected to be delivered to Party A according to the Terms.
Article 2 – Obligations of Party B
2.1 Party B shall supply the Products to Party A on or before the Delivery Date as provided in Section 1.3.
2.2 Party B shall ensure that the Products are of satisfactory quality and free from defects, according to the Terms of this Agreement.
2.3 Party B shall have the right to terminate this Agreement in the event of any breach of the Terms by Party A.
2.4 Party B shall bear all costs, including but not limited to transport, insurance and any other applicable taxes and fees associated with the delivery of the Products.
Article 3 – Obligations of Party A
3.1 Party A shall make prompt payment for the Products at the Sales Price.
3.2 Party A shall accept delivery of the Products within the designated Delivery Date.
3.3 Party A shall inspect the Products upon delivery and may return any goods found to be defective or of poor quality.
3.4 Party A shall not resell, exchange, or alter the Products without prior written consent from Party B.
Article 4 – Termination
4.1 This Agreement shall continue for an indefinite period of time until either Party terminates in accordance with the provisions outlined herein.
4.2 Either Party may terminate this Agreement upon written notice to the other Party, provided that termination of the Agreement shall not alter the rights and obligations of either Party in respect to any transaction executed prior to such termination.
Article 5 – General Provisions
5.1 The obligation of Party A to make timely payments and accept delivery of the Products shall not be affected by any dispute concerning the quality or other characteristics of the Products.
5.2 This Agreement shall be governed by the laws of [Country], without regard to its conflict of law provisions.
5.3 All notices provided for in this Agreement shall be in writing and addressed to:
[PARTY A]
[Address]
[PARTY B]
[Address]
5.4 This Agreement constitutes the entire agreement between the Parties and shall supersede all other prior agreements or understandings, oral or written, regarding the subject matter hereof.
5.5 This Agreement may not be amended except by a writing signed by both Parties.
5.6 This Agreement shall inure to the benefit of and be binding upon the Parties, their successors and permitted assigns.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year first written above.
[PARTY A]
[NAME], [TITLE]
[PARTY B]
[NAME], [TITLE]
