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Agreement For Supply Of Goods On Credit
"I need an Agreement For Supply Of Goods On Credit for my manufacturing business to supply industrial equipment to a new customer, with monthly credit terms of £50,000 and a payment period of 60 days, starting from March 2025."
1. Parties: Identification and details of the supplier and purchaser
2. Background: Context of the agreement and commercial relationship
3. Definitions: Key terms used throughout the agreement
4. Supply of Goods: Core terms regarding the supply, including specification and quantity
5. Price and Payment: Credit terms, payment schedule, interest rates
6. Delivery: Delivery terms, timing, and logistics
7. Title and Risk: Transfer of ownership and risk in goods
8. Warranties and Quality: Quality standards and warranties provided
1. Security: Additional security provisions for high-value credit arrangements or concerning credit history
2. Insurance: Insurance requirements for goods during transit/storage for high-value goods or complex logistics
3. Returns Policy: Process for returning defective or unwanted goods, typically for consumer contracts
4. Compliance: Specific regulatory compliance requirements for regulated industries or products
1. Schedule 1 - Goods Specification: Detailed description of goods to be supplied
2. Schedule 2 - Pricing Schedule: Detailed pricing structure and credit terms
3. Schedule 3 - Delivery Schedule: Detailed delivery requirements and timelines
4. Schedule 4 - Service Level Agreement: Performance metrics and standards if applicable
Authors
Business Day
Charges
Commencement Date
Confidential Information
Credit Limit
Credit Period
Credit Terms
Delivery Date
Delivery Location
Force Majeure Event
Goods
Interest Rate
Invoice
Late Payment
Order
Payment Due Date
Price
Purchase Order
Purchaser
Quality Standards
Relevant Laws
Retention of Title
Security
Specification
Supplier
Supply Period
Term
Territory
Warranties
Ordering Process
Credit Terms
Payment Terms
Credit Limit
Interest Charges
Delivery
Risk and Title
Quality and Warranties
Returns and Refunds
Security
Insurance
Default and Remedies
Force Majeure
Confidentiality
Data Protection
Warranties and Representations
Limitation of Liability
Termination
Consequences of Termination
Assignment and Subcontracting
Notices
Entire Agreement
Variation
Waiver
Severance
Third Party Rights
Dispute Resolution
Governing Law and Jurisdiction
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