OTHER NAMESGenereal Contract for GoodsProducts Agreement
What is a General Contract for Products?
If you run a business, and you've agreed to buy or sell products, you can put the terms in writing with a General Contract for Products. You've talked about the terms—how many, and in what amount, when and where. A General Contract for Products specifies the terms of your deal and helps protects everyone's interests.
With a General Contract for Products, you can outline your agreement in relation to products that are generally referred to as "goods," as defined by the Uniform Commercial Code. A General Contract for Products details who the parties are; the dates of the order and delivery of good; quantities of the goods; place of delivery; warranties and disclaimers; and payment terms. Note that a General Contract for Products is not intended to cover the sale of real estate, software, or intangibles such as stocks or securities. The General Contract for Products should be signed by both the buyer and the seller, becomes effective as of the date provided in the text, and is only intended for use where both parties are businesses.
When to use a General Contract for Products:
You've to buy or sell goods with another party, and you want to get the contract in writing.
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Sample General Contract for Products
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General Contract for Products
This General Contract for Products (this "Contract") is made effective as of , between , of , , ("Seller"), and , of , , ("Buyer").
. ITEMS PURCHASED. Seller agrees to sell, and Buyer agrees to buy, the following products (the "Goods") in accordance with the terms and conditions of this Contract:
The Goods shall comply with the Seller's quotation dated and incorporated into this Contract by this reference. The Goods shall comply with the specifications in the attached Exhibit A and incorporated into this Contract by this reference. The Goods shall comply with industry standards. Title to and risk of loss of goods shall pass to the buyer upon delivery F.O.B. at the seller's plant to an agent of the buyer including a common carrier, notwithstanding any prepayment or allowance of freight by the seller.Buyer shall pay reasonable shipping costs in accordance with its shipping instructions, but the seller shall be responsible for packaging, shipping and safe delivery and shall bear all risk of damage or loss until the goods are delivered to the buyer's address.
. PAYMENT. Payment shall be made to
a percent discount if the total bill is paid within days.
In addition to any other right or remedy provided by law, if fails to pay for the Goods when due, has the option to treat such failure to pay as a material breach of this Contract, and may cancel this Contract and/or seek legal remedies.
. DELIVERY. Time is of the essence in the performance of this Contract. arrange for delivery, by carrier chosen by Seller, make the Goods available to Buyer
SHALL IN NO EVENT BE LIABLE FOR ANY INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES OF ANY NATURE, EVEN IF HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
. INSPECTION. The Buyer, upon receiving possession of the Goods, shall have a reasonable opportunity to inspect the Goods to determine if the Goods conform to the requirements of this Contract. If the Buyer, in good faith, determines that all or a portion of the Goods are non-conforming, the Buyer may return the Goods to the Seller at the The Buyer must provide written notice to the Seller of the reason for rejecting the Goods. The Seller will have days from the return of the Goods to remedy such defects under the terms of this Contract.
. DEFAULT. The occurrence of any of the following shall constitute a material default under this Contract:
a. The failure to make a required payment when due.
b. The insolvency or bankruptcy of either party.
c. The subjection of any of either party's property to any levy, seizure, general assignment for the benefit of creditors, application or sale for or by any creditor or government agency.
d. The failure to make available or deliver the Goods in the time and manner provided for in this Contract.
. REMEDIES ON DEFAULT. In addition to any and all other rights available according to law, if either party defaults by failing to substantially perform any material provision, term or condition of this Contract (including without limitation the failure to make a monetary payment when due), the other party may elect to cancel this Contract if the default is not cured within days after providing written notice to the defaulting party. The notice shall describe with sufficient detail the nature of the default.
, or strikes, lock-outs, work stoppages, or other labor disputes, or supplier failures
. NOTICES. Any notice or communication required or permitted under this Agreement shall be sufficiently given if delivered in person or by certified mail, return receipt requested, to the addresses listed above or to such other address as one party may have furnished to the other in writing. The notice shall be deemed received when delivered or signed for, or on the third day after mailing if not signed for.
. ENTIRE CONTRACT. This Contract contains the entire agreement of the parties regarding the subject matter of this Contract, and there are no other promises or conditions in any other agreement whether oral or written. This Contract supersedes any prior written or oral agreements between the parties.
. AMENDMENT. This Contract may be modified or amended if the amendment is made in writing and signed by both parties.
. SEVERABILITY. If any provision of this Contract shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Contract is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.
. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of this Contract shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Contract.
. APPLICABLE LAW. This Contract shall be governed by the laws of the State of .
. SIGNATURES. This Contract shall be signed on behalf of by and on behalf of by .
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