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Simple Buyer Seller Agreement
"I need a Simple Buyer Seller Agreement for selling industrial manufacturing equipment worth RM 500,000 to a factory in Penang, with delivery scheduled for March 2025 and including a 12-month warranty period."
1. Parties: Identifies and provides full details of the buyer and seller, including registration numbers for companies or ID numbers for individuals
2. Background: Briefly explains the context of the agreement and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Sale and Purchase: Specifies the goods/services being sold and purchased, including quantity and specifications
5. Price and Payment: Details the purchase price, payment terms, method of payment, and any applicable taxes
6. Delivery: Specifies delivery terms, timing, location, and responsibilities for shipping and handling
7. Title and Risk: Determines when ownership and risk in the goods passes from seller to buyer
8. Warranties and Representations: States the standard warranties regarding the goods/services and authority to enter into the agreement
9. Termination: Outlines circumstances under which either party may terminate the agreement and the consequences
10. Governing Law and Jurisdiction: Specifies that Malaysian law governs the agreement and determines jurisdiction for dispute resolution
11. General Provisions: Contains standard boilerplate clauses including notices, entire agreement, and severability
1. Quality Control: Include when specific quality standards or inspection procedures need to be maintained
2. Insurance: Include when specific insurance requirements are needed for high-value or high-risk goods
3. Intellectual Property: Include when the sale involves products with trademark, copyright, or patent implications
4. Confidentiality: Include when sensitive information will be shared between parties during the transaction
5. Force Majeure: Include when protection against unforeseen circumstances is specifically required
6. Return Policy: Include when specific terms for returns or rejections need to be detailed
7. Dispute Resolution: Include when specific alternative dispute resolution procedures are preferred over court proceedings
1. Schedule 1 - Product Specifications: Detailed technical specifications of the goods being sold
2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, especially if multiple products or pricing tiers are involved
3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and locations, particularly for multiple deliveries
4. Schedule 4 - Quality Standards: Specific quality requirements and testing procedures if applicable
5. Appendix A - Form of Purchase Order: Standard form to be used for ordering under the agreement
6. Appendix B - Warranty Certificate: Standard warranty terms and conditions if applicable
Authors
Definitions
Sale and Purchase
Price and Payment
Delivery
Title and Risk
Warranties
Quality Assurance
Inspection and Testing
Confidentiality
Intellectual Property
Indemnification
Force Majeure
Termination
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Insurance
Compliance with Laws
Third Party Rights
Counterparts
Retail
Manufacturing
E-commerce
Consumer Goods
Electronics
Textiles
Food and Beverage
Agricultural Products
Industrial Equipment
General Merchandise
Automotive Parts
Construction Materials
Legal
Procurement
Sales
Operations
Finance
Commercial
Supply Chain
Business Development
Contracts Administration
Procurement Manager
Sales Manager
Business Development Manager
Contract Administrator
Legal Counsel
Commercial Director
Operations Manager
Supply Chain Manager
Purchasing Officer
Sales Executive
Finance Manager
General Manager
Small Business Owner
Entrepreneur
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