Purchasing A Large Order Of Widgets From Machine, Inc.

978 Words Oct 25th, 2015 4 Pages
This agreement made and entered into this date October 23, 2015, by and between Machines, Inc. of Austin, Texas, and Widgets, Inc. of Detroit. It was designed for both parties to understand terms and condition of their trading. This sale contract was developed by Uniform Commercial Code, which is government rules regarding businesses or companies. According to Raina article, “the terms and conditions in import contracts outline the rights and obligations of the importer and the foreign supplier in carrying out the transaction (1990, sec.1). This contract regards for the purchase of the goods described below:
Term
This contract shall begin on October 23, 2015, and end upon the last delivery for the quantity specified in this agreement, unless the Machine and Widgets, Inc. agree otherwise. This agreement describes Widgets, Inc. purchasing a large order of widgets from Machine, Inc. If the seller does not follow the dated procedure, Seller might then wipe out this contract and sue for harms, including lost benefits, balancing the store there against, and further recoup its expense of suit including lawyer charges.

Company Qty. Description Price Total
Machine, Inc. 2000 Widget $100 per $200,000

Shipment Arrangement The buyer shall be notified by the seller regarding the shipment arrangement 7 days before advances, such as the trucking company. Seller shall arrange a delivery that would make sure it on time and in appropriate material or box. The seller will choose a…
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