Sellers Agreement Template for United States

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Key Requirements PROMPT example:

Sellers Agreement

"I need a Seller's Agreement for my wholesale electronics business based in California, covering international shipments to Asia and including specific quality control standards and warranty terms for high-value computer components."

Document background
The Seller's Agreement serves as a foundational document for commercial transactions in the United States, providing legal protection and clarity for both parties involved in the sale of goods or services. This contract type is essential for businesses engaging in regular sales activities and needs to comply with federal regulations including the Uniform Commercial Code and state-specific commercial laws. It typically includes detailed terms about product specifications, pricing, delivery, warranties, and dispute resolution procedures, helping prevent misunderstandings and providing a clear framework for the business relationship.
Suggested Sections

1. Parties: Identifies all parties to the agreement, including legal names and addresses

2. Background/Recitals: Explains the context and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Products/Services: Detailed description of products or services being sold

5. Pricing and Payment Terms: Details of pricing, payment methods, and payment schedules

6. Delivery Terms: Shipping, delivery timeframes, and transfer of risk

7. Term and Termination: Duration of agreement and termination conditions

8. Governing Law: Specifies jurisdiction and applicable laws

Optional Sections

1. Warranties: Product/service warranties and limitations - use when offering specific guarantees or warranties

2. Intellectual Property: IP rights and protections - use when dealing with branded products or proprietary information

3. Insurance Requirements: Required insurance coverage - use when dealing with high-value or high-risk products

4. Confidentiality: Protection of confidential information - use when sharing sensitive business information

5. Force Majeure: Provisions for unforeseen circumstances - use when long-term commitments are involved

Suggested Schedules

1. Product Schedule: Detailed list of products with specifications and prices

2. Service Level Agreement: Specific performance metrics and standards

3. Quality Standards: Required quality specifications and testing procedures

4. Return Policy: Procedures for handling returns and refunds

5. Compliance Requirements: Industry-specific compliance obligations

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

Industries

Uniform Commercial Code (UCC): Primary federal law governing commercial transactions, particularly Article 2 which deals with the sale of goods

Federal Trade Commission Act: Federal law prohibiting unfair or deceptive trade practices in commerce

Consumer Protection Laws: Federal regulations designed to protect consumer rights and prevent unfair business practices

Magnuson-Moss Warranty Act: Federal law governing warranties on consumer products

Federal Antitrust Laws: Including Sherman Act and Clayton Act, preventing monopolistic practices and promoting fair competition

Truth in Lending Act: Federal law requiring disclosure of credit terms and costs to consumers

E-SIGN Act: Federal law establishing legal validity of electronic signatures and records

State UCC Variations: State-specific adaptations and implementations of the Uniform Commercial Code

State Consumer Protection Laws: State-specific regulations protecting consumer rights and regulating business practices

State Warranty Laws: State-specific requirements for product warranties and guarantees

State Contract Laws: State-specific regulations governing contract formation and enforcement

State Disclosure Requirements: State-mandated disclosures in commercial transactions

State Licensing Requirements: State-specific permits and licenses required for selling specific products or services

Contract Formation Principles: Legal requirements for valid contract formation including offer, acceptance, and consideration

Statute of Frauds: Legal requirement that certain contracts must be in writing to be enforceable

Products Liability Laws: Laws governing manufacturer and seller liability for defective products

Data Privacy Laws: Regulations governing the collection, storage, and use of customer information

Payment Processing Regulations: Laws governing payment handling, processing, and security requirements

Dispute Resolution Requirements: Legal framework for handling disputes and establishing jurisdiction

Insurance Requirements: Mandatory insurance coverage requirements for sellers

Industry-Specific Requirements: Specialized regulations applicable to specific industries or product categories

Professional Licensing: Requirements for professional certifications or licenses in specialized fields

Health and Safety Regulations: Standards and requirements for product safety and health considerations

Environmental Regulations: Laws governing environmental impact and compliance in product sales and distribution

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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