Wholesale Contract Generator for the USA

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Key Requirements PROMPT example:

Wholesale Contract

"I need a Wholesale Contract for supplying electronic components to distributors across Europe, with specific quality standards and minimum order quantities of 1000 units per quarter starting from March 2025."

Document background
A Wholesale Contract is essential for businesses engaged in bulk trading relationships, providing a robust legal framework under English and Welsh law. This agreement type is particularly crucial when establishing ongoing supply arrangements, setting out clear terms for ordering, delivery, quality standards, and payment. The contract ensures compliance with key legislation while protecting both parties' interests through clear risk allocation and performance standards. It's particularly valuable for businesses requiring regular bulk purchases or those establishing distribution networks.
Suggested Sections

1. Parties: Details of the wholesale supplier and buyer

2. Background: Context of the agreement and business relationship

3. Definitions: Key terms used throughout the agreement

4. Supply Terms: Core obligations regarding supply of goods

5. Pricing and Payment: Price structure, payment terms, and invoicing

6. Delivery: Delivery terms, timeframes, and logistics

7. Quality and Returns: Quality standards and returns process

8. Term and Termination: Duration and termination provisions

Optional Sections

1. Minimum Purchase Commitments: Used when requiring minimum order quantities or volume-based arrangements

2. Territory Restrictions: Geographical limitations on sales, used when territory-specific rights are granted

3. Marketing and Promotion: Requirements for product marketing when specific promotional obligations exist

4. Insurance Requirements: Specific insurance obligations for high-value or high-risk products

Suggested Schedules

1. Product Schedule: Detailed list of products covered by the agreement

2. Price List: Comprehensive pricing information

3. Service Level Agreement: Specific performance metrics and standards

4. Quality Standards: Detailed quality specifications

5. Territory Schedule: Detailed description of authorized sales territories

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Industries

Sale of Goods Act 1979: Primary legislation governing contracts for sale of goods, including quality standards, fitness for purpose, title, and implied terms and conditions

Supply of Goods and Services Act 1982: Legislation applicable when services are provided alongside goods in wholesale contracts

Unfair Contract Terms Act 1977: Regulates exclusion clauses and determines which terms can or cannot be excluded, applying a reasonableness test

Consumer Rights Act 2015: While primarily B2C focused, relevant for wholesale contracts where end users might be consumers, setting standards for quality and fitness

Late Payment of Commercial Debts (Interest) Act 1998: Governs payment terms and interest calculations in commercial contracts

UN Convention on Contracts for International Sale of Goods (CISG): International trade law framework (noting UK is not a signatory, but relevant for international trading partners)

Competition Act 1998: Ensures compliance with competition law and prevents anti-competitive practices in wholesale agreements

Modern Slavery Act 2015: Requires consideration of supply chain compliance and modern slavery prevention measures

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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