Tie Purchase Contract
The Tie Purchase Contract is a legally binding agreement between two parties, typically a buyer and a seller, related to the purchase of ties. This contract outlines the terms and conditions under which the buyer agrees to purchase ties from the seller, and vice versa. It includes details such as the quantity, quality, and price of the ties, as well as the payment terms, delivery schedule, and any other relevant information. The contract also specifies the responsibilities of each party, such as the seller's obligation to provide quality products and the buyer's responsibility to make timely payments. In addition, it outlines the consequences of any breach of contract by either party. By signing the Tie Purchase Contract, both parties agree to be legally bound by its terms and conditions.
Date: [Insert Date]
Parties to the Contract:
Buyer: [Insert Name of Buyer]
Seller: [Insert Name of Seller]
This contract is made on the date specified above, by and between the Buyer and the Seller, in connection with the purchase of ties. The parties hereby agree as follows:
1、Description of the Goods: The Seller shall supply to the Buyer a quantity of ties, each measuring approximately [Insert Length] inches in length and [Insert Width] inches in width. The ties shall be made of [Insert Material] and shall be of a high quality and suitable for the purpose intended. The Seller shall provide a sample of the ties to the Buyer for approval prior to production.
2、Price and Payment: The price of each tie shall be [Insert Price] US dollars. The total price for the order shall be calculated by multiplying the unit price by the total quantity ordered. The Buyer shall make payment to the Seller via wire transfer or letter of credit, as agreed upon by the parties.
3、Delivery and Shipping: The Seller shall arrange for the prompt delivery of the ties to the Buyer's designated shipping port. All shipping costs shall be borne by the Seller. The Buyer shall provide a valid shipping address and any other necessary information to facilitate delivery.
4、Quality Assurance: The Seller shall ensure that the ties are free from any defects in material or workmanship. If any defective ties are received, the Buyer shall have the right to return them to the Seller for a full refund or replacement, at the Seller's option.
5、Contract Termination: This contract may be terminated by either party at any time, for any reason, upon written notice to the other party. In the event of termination, the Seller shall refund to the Buyer any amounts paid but not yet delivered, and the parties shall take any other action necessary to wind up the affairs of the contract.
6、General Provisions: This contract shall be governed by the laws of the State of [Insert State]. Any disputes arising out of or in connection with this contract shall be resolved by arbitration in accordance with the rules of the American Arbitration Association, with a panel of three arbitrators appointed by mutual agreement of the parties. The cost of arbitration shall be borne equally by the parties.
In witness whereof, the parties have executed this contract as of the date first written above.
Buyer: _______________________
Seller: _______________________
Date: _______________________
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