Business

SALE AGREEMENT BETWEEN BUYER AND SELLER

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This Sale Agreement (“Agreement”) is made and entered into on this [Date], by and between:

Seller:[Seller’s Full Name or Company Name]
[Seller’s Address]
[City, Country]
[Phone Number]
[Email Address]

Buyer:[Buyer’s Full Name or Company Name]
[Buyer’s Address]
[City, Country]
[Phone Number]
[Email Address]

RECITALS

WHEREAS, the Seller agrees to sell and the Buyer agrees to purchase certain goods under the terms and conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the Buyer and Seller agree as follows:

1. DEFINITIONS

1.1 Goods: The products or merchandise described in Schedule A attached to this Agreement, which the Seller agrees to sell, and the Buyer agrees to purchase.1.2 Price: The agreed price for the Goods, as specified in Section 3.1 of this Agreement.1.3 Delivery Date: The date by which the Goods will be delivered to the Buyer, as specified in Section 4.1.

2. SALE OF GOODS

2.1 The Seller agrees to sell, and the Buyer agrees to purchase, the Goods in accordance with the terms of this Agreement.2.2 The Goods shall conform to the specifications set forth in Schedule A.2.3 The Seller warrants that the Goods are free from defects and comply with all relevant laws and regulations in the country of origin.

3. PRICE AND PAYMENT TERMS

3.1 The total price for the Goods is [Amount] [Currency].3.2 The Buyer shall pay the Seller in the following manner:

  • [Method of Payment: e.g., Bank Transfer, Letter of Credit]
  • [Payment Schedule: e.g., 50% upon signing the agreement and 50% upon shipment]3.3 The payment must be made by the Buyer in accordance with the terms set forth above. Any delays in payment may result in penalties as specified in Section 6.2.

4. DELIVERY

4.1 The Seller shall deliver the Goods to the Buyer at the following location:
[Delivery Address]
The delivery date is set for [Date], subject to force majeure or unforeseen circumstances.4.2 Incoterms: The delivery terms are governed by [Incoterm], and both parties agree that the seller’s responsibility ends at the agreed location and delivery point.4.3 The risk of loss or damage to the Goods passes from the Seller to the Buyer upon delivery.

5. INSPECTION AND ACCEPTANCE

5.1 Upon receipt of the Goods, the Buyer has the right to inspect the Goods for compliance with the specifications outlined in this Agreement.5.2 If the Goods do not conform to the specifications or are defective, the Buyer must notify the Seller within [Number] days of receipt, specifying the nature of the defect or non-conformance.5.3 If the Goods are found to be defective, the Seller agrees to either:

  • Replace the defective Goods at no additional charge to the Buyer.
  • Refund the purchase price for the defective Goods.

6. TERMS AND CONDITIONS

6.1 Title and Risk: Title and risk of the Goods pass from the Seller to the Buyer upon delivery of the Goods at the agreed delivery location.6.2 Late Payment: Any payment not made by the due date shall incur a penalty of [Percentage] per month on the outstanding amount until paid in full.6.3 Force Majeure: Neither party shall be held liable for any delay or failure to perform due to causes beyond their control, including but not limited to acts of God, natural disasters, war, government actions, strikes, or any other unforeseen circumstances.6.4 Confidentiality: Both parties agree to keep confidential any proprietary or sensitive information exchanged during the course of this Agreement, including product specifications, pricing, and business plans.

7. WARRANTIES AND REPRESENTATIONS

7.1 Seller’s Warranties: The Seller warrants that:

  • The Goods are free from any liens, claims, or encumbrances.
  • The Goods comply with all applicable laws and regulations of the country of origin.
  • The Goods are fit for the intended purpose as described in this Agreement.7.2 Buyer’s Warranties: The Buyer warrants that:
  • The Buyer has the legal capacity to enter into this Agreement.
  • The Buyer will comply with all applicable laws and regulations in receiving and using the Goods.

8. TERMINATION

8.1 Termination by Buyer: The Buyer may terminate this Agreement if:

  • The Goods are not delivered by the agreed delivery date.
  • The Seller breaches any material term of this Agreement.8.2 Termination by Seller: The Seller may terminate this Agreement if:
  • The Buyer fails to make timely payment as per the agreed terms.
  • The Buyer breaches any material term of this Agreement.

9. GOVERNING LAW AND DISPUTE RESOLUTION

9.1 This Agreement shall be governed by and construed in accordance with the laws of [Country].9.2 Any dispute arising out of or in connection with this Agreement shall be resolved through [arbitration/mediation] under the rules of [Arbitration Body], and the place of arbitration shall be [City, Country].

10. ENTIRE AGREEMENT

10.1 This Agreement, together with any attached schedules, constitutes the entire understanding between the Buyer and Seller with respect to the subject matter hereof.10.2 Any modifications or amendments to this Agreement must be in writing and signed by both parties.

IN WITNESS WHEREOF, the parties hereto have executed this Sale Agreement as of the date first written above.

Seller
Name: ___________________
Title: ___________________
Signature: _______________
Date: ___________________

Buyer
Name: ___________________
Title: ___________________
Signature: _______________
Date: ___________________

Schedule A: Goods Description

(Attach detailed description of the goods, including quantity, specifications, and any other relevant information.)

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