Basic Sales Agreement Template for India

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Key Requirements PROMPT example:

Basic Sales Agreement

"I need a Basic Sales Agreement for my technology company to sell software licenses to corporate clients in India, with specific clauses for software updates and maintenance support through January 2025."

Document background
The Basic Sales Agreement serves as a fundamental legal instrument for documenting sales transactions in India, providing a structured framework for both parties to clearly understand their rights and obligations. This document is essential when businesses or individuals engage in the sale and purchase of goods or products, requiring a formal agreement that complies with Indian commercial law. The agreement incorporates provisions required under the Indian Contract Act, 1872, and the Sale of Goods Act, 1930, making it suitable for various commercial contexts, from simple retail transactions to complex business-to-business deals. It should be used whenever there is a need to formalize a sales arrangement and document key terms such as product specifications, pricing, delivery requirements, warranties, and risk transfer. The Basic Sales Agreement can be customized to accommodate specific business needs while maintaining its enforceability under Indian law.
Suggested Sections

1. Parties: Identifies and provides full legal details of the seller and buyer, including registered addresses and company registration numbers

2. Background: Provides context for the agreement and briefly describes the intention of the parties to enter into a sales arrangement

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent ambiguity

4. Scope of Sale: Clearly outlines what is being sold, including quantity, specifications, and quality standards

5. Price and Payment Terms: Details the purchase price, payment schedule, method of payment, and any applicable taxes

6. Delivery Terms: Specifies delivery timeline, location, method, and responsibility for shipping costs

7. Title and Risk: Establishes when ownership and risk of loss transfers from seller to buyer

8. Warranties and Representations: Lists standard warranties regarding product quality, ownership, and fitness for purpose

9. Termination: Outlines circumstances under which either party can terminate the agreement and the consequences

10. Governing Law and Jurisdiction: Specifies that Indian law governs the agreement and establishes jurisdiction for dispute resolution

11. Notice: Details how and where official communications between parties should be sent

12. Entire Agreement: Confirms that this document represents the complete agreement between parties

Optional Sections

1. Intellectual Property Rights: Include when the sale involves products with associated intellectual property rights or licensed technology

2. Confidentiality: Add when sensitive information will be shared during the course of the sale relationship

3. Insurance: Include when specific insurance requirements need to be maintained by either party

4. Force Majeure: Add when parties want to address circumstances beyond their control that might affect performance

5. Export/Import Compliance: Include for international sales or when products are subject to export/import regulations

6. Quality Control and Inspection: Add for sales involving technical or specialized products requiring specific quality standards

7. Return and Refund Policy: Include when dealing with retail sales or when specific return conditions need to be established

8. After-Sales Service: Add when the sale includes maintenance, support, or warranty services

Suggested Schedules

1. Schedule A - Product Specifications: Detailed technical specifications, drawings, or descriptions of the products being sold

2. Schedule B - Pricing Schedule: Detailed breakdown of prices, including any volume discounts or pricing tiers

3. Schedule C - Delivery Schedule: Specific delivery timelines and locations if multiple deliveries are involved

4. Schedule D - Quality Standards: Detailed quality parameters, testing procedures, and acceptance criteria

5. Schedule E - Warranty Terms: Detailed warranty terms, conditions, and claim procedures

6. Appendix 1 - Form of Purchase Order: Standard format for purchase orders to be used under the agreement

7. Appendix 2 - Contact Details: List of key contacts from both parties for various aspects of the agreement

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

Relevant Industries

Retail

Manufacturing

Wholesale Distribution

E-commerce

Consumer Goods

Industrial Products

Technology

Automotive

Electronics

Textiles

Food and Beverage

Construction Materials

Agricultural Products

Pharmaceuticals

Small and Medium Enterprises

Relevant Teams

Legal

Sales

Procurement

Commercial

Operations

Supply Chain

Finance

Compliance

Business Development

Vendor Management

Relevant Roles

Sales Manager

Procurement Manager

Legal Counsel

Contract Manager

Business Development Manager

Commercial Director

Supply Chain Manager

Chief Commercial Officer

Operations Manager

Vendor Relations Manager

Purchasing Officer

Sales Director

General Counsel

Compliance Officer

Chief Financial Officer

Industries
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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