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Agreement For Supply Of Goods On Credit
"I need an Agreement For Supply Of Goods On Credit for my electronics manufacturing company in Singapore, with a credit limit of SGD 500,000 and monthly payment terms, including specific provisions for quality testing of semiconductor components."
1. Parties: Identification of supplier and purchaser with full legal details
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Supply Terms: Details of goods to be supplied including specifications and quantities
5. Price and Payment Terms: Pricing, credit limits, payment schedules, and interest rates
6. Delivery Terms: Delivery arrangements, timelines, and responsibilities
7. Title and Risk: Transfer of ownership and risk in goods
8. Warranties: Quality guarantees and product warranties
9. Term and Termination: Duration and termination provisions
1. Security Arrangements: Additional security provisions for credit arrangements, used for high-value contracts or where buyer credit risk is high
2. Insurance: Insurance requirements for goods, typically included for high-value goods or where specific risks need coverage
3. Returns Policy: Procedures for returning goods, particularly relevant when dealing with retail or consumer goods
4. Intellectual Property: IP rights and restrictions, included when supplied goods involve intellectual property rights
1. Product Specifications: Detailed technical specifications of goods
2. Pricing Schedule: Detailed pricing information and volume discounts
3. Credit Application Form: Standard form for credit assessment
4. Delivery Schedule: Agreed delivery dates and locations
5. Security Documents: Forms of security or guarantee if applicable
Authors
Business Day
Commencement Date
Confidential Information
Credit Limit
Credit Period
Credit Terms
Default Event
Default Interest Rate
Delivery Date
Delivery Location
Force Majeure Event
Goods
GST
Initial Term
Interest Rate
Invoice
Late Payment
Order
Payment Due Date
Price
Purchase Order
Purchaser
Quality Standards
Related Companies
Security
Security Interest
Specifications
Supplier
Supply Schedule
Term
Territory
Title
Trade Credit
Warranties
Sale and Purchase
Credit Terms
Ordering Process
Delivery
Title and Risk
Price and Payment
Credit Limit
Security
Quality Assurance
Warranties
Default and Enforcement
Interest on Late Payment
Force Majeure
Insurance
Confidentiality
Intellectual Property
Term and Termination
Consequences of Termination
Assignment and Subcontracting
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
Relationship of Parties
Counterparts
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