This Sales Agreement (“Agreement”) is made and entered into on this __________ day of ______, 20, (the “Effective Date”) between [Seller Company Name], a company incorporated under the laws of India, having its registered office at [Seller Company Address] (hereinafter referred to as the “Seller”), and [Buyer Company Name], a company incorporated under the laws of India, having its registered office at [Buyer Company Address] (hereinafter referred to as the “Buyer”).
WHEREAS, the Seller is the owner of certain products or goods (the “Products”) as described in Exhibit A attached hereto;
WHEREAS, the Buyer desires to purchase the Products from the Seller, and the Seller agrees to sell the Products, subject to the terms and conditions set forth in this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Seller and the Buyer (collectively referred to as the “Parties”) agree as follows:
Sale and Purchase of Products
1.1 The Seller agrees to sell and transfer ownership of the Products to the Buyer, and the Buyer agrees to purchase and accept the Products, in accordance with the terms and conditions of this Agreement.
Purchase Price and Payment
2.1 The purchase price for the Products shall be as specified in Exhibit A attached hereto.
2.2 The Buyer shall make payment to the Seller for the Products as follows: [Specify payment terms, such as upfront payment, installments, or any other agreed-upon payment schedule].
Delivery and Acceptance
3.1 The Seller shall deliver the Products to the Buyer’s designated location as specified in Exhibit A or as otherwise agreed upon by the Parties.
3.2 The Buyer shall inspect and accept the Products within [Number] days of delivery. Any claims for defects or discrepancies must be made in writing within this inspection period.
Title and Risk of Loss
4.1 Title to the Products shall pass from the Seller to the Buyer upon full payment of the purchase price.
4.2 Risk of loss or damage to the Products shall transfer to the Buyer upon delivery of the Products.
Representations and Warranties
5.1 The Seller represents and warrants that it has the full right, power, and authority to sell the Products.
5.2 The Seller further represents and warrants that the Products are free from any liens, encumbrances, or claims of third parties.
Limitation of Liability
6.1 In no event shall either Party be liable to the other Party for any indirect, incidental, consequential, or special damages arising out of or in connection with this Agreement.
Governing Law and Jurisdiction
7.1 This Agreement shall be governed by and construed in accordance with the laws of India.
7.2 Any dispute arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts located in [City], India.
8.1 This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and understandings, whether oral or written.
IN WITNESS WHEREOF, the Parties hereto have executed this Sales Agreement as of the Effective Date first above written.
[Seller Company Name]
[Buyer Company Name]
Exhibit A – Description of Products and Purchase Price: [Provide details of the Products and purchase price]