Scribd Logo
Upload

Welcome to Scribd!

  • SALES CONTRACT Shivam

    Uploaded by

    Ila Singh
    7 views6 pages

    Original Title

    SALES CONTRACT shivam

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    7 views6 pages

    SALES CONTRACT Shivam

    Uploaded by

    Ila Singh

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 6

    Student’s Name: Shivam Krishnan

    Enrolment No: 20FLICDDN01042


    Batch Name & Year: BBA LLB 4th Year
    Topic- Drafting of International Sales and
    Purchase Contract

    Submitted By- Shivam Krishnan

    Submitted to-
    Dhairya Jaiswal Ma’am
    INTERNATIONAL SALES &
    PURCHASE CONTRACT

    This Sales Contract (this “Contract”) is entered into as of the 08th day of April,
    2024.by and among between:

    ▪ Seller(s): Khadi India (Seller Name), a company incorporated and


    existing under the laws of India (Seller Country) with its principal place
    of business at B40, Noida Sector 59, Noida 201301 Uttar Pradesh
    ▪ Buyer(s): VGA Inc (Buyer Name), a company incorporated and existing
    under the laws of U.S.A (Buyer Country) with its principal place of
    business at 9689 Gerwig Ln Suite F.Columbia,MD 21046, United States

    Each Seller and Buyer may be referred to in this Contract individually as a


    ‘Party’ and collectively as the “Parties”.

    Here Spices (the product) will be referred as “the Collection”.

    Witnesseth
    WHEREAS, Seller desires to sell and Buyer desires to purchase Spices(the
    “Goods”) on the terms and conditions set forth herein.

    WHEREAS, the Buyer deems it in its interest to acquire the Collection for
    custodial care and appropriate service to the public, and is agreeable to purchasing
    the Collection under the term’s hereafter stated;

    NOW, THEREFORE, the parties hereby agree as follows:

    1. Sale and Purchase of Goods


    The Seller agrees to sell, and the Buyer agrees to buy, the Collection
    for a total purchase price of mentioned in Exhibit A Of Clause 2 of the
    contract. The Buyer shall initiate payment of the Purchase Price
    immediately after receipt and satisfactory inspection of the Collection.
    2. Goods And Price
    The goods that the seller is selling to the customer are enlisted below with
    their quantities (hereinafter referred to as the “goods”)

    EXHIBIT A

    GOODS QUANTITY PRICE PER UNIT TOTAL


    PRICE
    Black pepper 2 ton $5,00,000 per ton $1,000,000
    Fox Nut 2 ton $5,00,000 per ton $1,000,000
    Mustard Seeds 4 ton $3,75,000 per ton $1,500,000
    Red Chilli Powder 2 ton $2,50,000 per ton $5,00,000
    Grand Total = $ 4,000,000

    3. Price And Payments


    a) The seller hereby agrees to sell the goods to the Buyer for an amount
    of US $4,000,000 (Four Million US Dollars only).
    b) Payment of the price shall be made by the buyers to seller as follows:
    a) Option 1
    ➢ 12% of the Price, being US $ 4,80,000, (four lakh
    eighty thousand million dollars only) shall be paid by
    the Buyer to seller upon signing of this contract.
    ➢ The Remaining balance of the price, being US $3.52
    Million, (Three point five two million dollars only)
    shall be paid by the Buyer to the Seller upon delivery
    of the Goods.
    b) The Seller will provide an invoice to the Buyer at the time of
    shipment of goods via email provided by the buyer.
    c) All invoices are to be paid in full at least within Forty-five
    (45) days and Any balances not paid within Forty-five (45)
    days will subject to a three percent (3%) late payment penalty.

    4. Delivery And Shipping


    a. The Delivery of the goods (hereinafter referred to as the
    “Delivery”) will be at the location of buyer 9689 Gerwig Ln Suite
    F.Columbia,MD 21046, United States.
    b. Seller will arrange and pay for shipping the Collection to the Buyer.
    c. The Seller bears responsibility for the Collection, including
    responsibility for the risk of loss of or damage to the Collection, until
    such time as the Collection arrives at the Buyer. Additionally, the
    Seller is responsible for the purchase of private insurance in
    connection with shipment of the Collection, if desired by the Buyer.

    5. Inspection
    After receipt of the Collection, the Buyer will have 90 days in which to
    inspect the Collection to ensure that all the items listed or described on
    Exihibit A are included. A significant discrepancy in the inventory and/or
    condition of the Collection, if unresolved by the parties, is grounds for
    refusal of the Collection by the Buyer and withholding of payment. In
    the event that such a discrepancy exists, the Collection will be returned to
    the Seller at the Seller’s expense, unless the Seller cures the discrepancy
    no later than 90 days after the buyer provides written notice of the
    discrepancy, or such later time as may be agreed upon by the parties. The
    Buyer will indicate its acceptance or rejection of the Collection in writing.
    6. Warranties
    Seller warrants that the Goods shall be free from the defects in material and
    workmanship, warranty of quality, or fitness for a particular use.
    7. Governing Law and Dispute Resolution
    a. This agreement is to be governed for all purposes by, and construed
    in accordance with the law of UNCISG and venue is to lie
    exclusively in the courts for Sales of Goods.
    b. Any dispute arising out of or relating to this contract shall be settled
    by the Arbitration in accordance with the UNCITRAL Arbitration
    Rules.
    8. Force Majeure
    Performance by either party under this contract is excused during the
    period such performance is prevented or delayed by government
    restrictions (whether with or without valid jurisdiction), war or warlike
    activity, insurrection or civil disorder, or any other causes similar or
    dissimilar to the foregoing that are beyond the control of either party and
    are not foreseeable at the time the contract is executed.
    9. Entire Agreement
    This contract constitutes the entire agreement between the parties with
    respect to the subject matter hereof, and supersedes all pre-existing
    agreements and understandings between them with respect thereto.
    10.Notices
    All notices required to be given hereunder shall be in writing and sent by
    EMAIL to Email Address provided by both the parties. Notice is effective
    when given
    11.Severability
    if any particular term, covenant, or provision of this contract is determined
    to be invalid or unenforceable, the invalidity or unenforceability thereof
    will not affect the remaining provisions of this agreement, which will
    nevertheless remain in full force and effect.
    The effective date of this agreement is the last date of signature below.

    For the Buyer For the Seller


    By……………………… By…………………….
    NAME
    ADDRESS
    …………………………… ………………………
    DATE DATE

    You might also like