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PURCHASE CONTRACT
- Base on the Commercial Law (laws of different countries)dated(time)adopted by (country,nation),effective from (time)
- Base on the capability of PARTY B (the suppler name) and the demand of Partner;
Today,………. Parties :
PARTY A (THE BUYER) Address Telephone Tax code Represented by Title
PARTY B (THE SUPPLIER) Address Telephone Tax code Represented by Title
: : : : : : : : : : : :
Following the authorization letter no. 01/2019/UQ was signed on 04/01/2019 valid until 01/01/2020. Both Parties here by agree to enter the purchase contract with the terms and conditions as below :
ARTICLE 1: PURCHASE ORDER
According to every particular time, Party A will send purchase order to Party B, Party B then start to perform the product based on the requirement of Party A. Purchase order must have the primary content as below:
- Specification, quantity, design, drawing or description indetail (dimension, material, quality required.) - Nomination of material (if any) - Delivery time
- Any amendments or additional conditions must be accepted by Party B in writing - The purchase order and amendment (if any) are indispensable part of this contract
ARTICLE 2: TIME OF FABRICATION
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At a time of the official purchase order of Party A be received, Party B will start to perform the product based on the purchase order of Party A, delivery time is followed to the agreement of both Parties.
ARTICLE 3: DELIVERY METHOD, MATERIAL, PRODUCTS:
- Delivery method and delivery place are followed the agreement of two Parties on each purchase order. - Material is followed drawing or specified by Party A.
- According to the agreement of both Parties for each purchase order, material will be supplied by Party A or Party B. In case of supplied by Party B, Party B has responsibility to provide certification of origin for Party A (if required).
- No good (NG) product is the product that does not meet the requirement shown on drawing or sample product.
ARTICLE 4: PRICE OF PRODUCT
According to the price presented on quotation of Party B for each requirement of Party A and accepted by Party A.
ARTICLE 5: PAYMENT METHOD
- Pay by cash or bank transfer to Party B’s account within thirty (30) days from the invoice received date and goods received date. All the bank charges incurred on the payment shall be borne by the Buyer. - If Party A delays the payment, Party A shall pay a penalty to Party B with the amount of 0.05% of the total purchase order value for each delayed day.
ARTICLE 6: RIGHTS AND RESPONSIBILITIES OF EACH PARTY
Party A
- Providing information of requirement, product, purchase order fully and correctly. - Complying with the contract.
- Making payment to Party B according to ARTICLE 5 in this contract.
- In case of NG product detected, Party A shall inform Party B within 05 working days from the goods received date.
- Responsible to check and receive goods delivered by Party Bwith accurate quantity and value of the purchase order. Party B
- Supplying product correctly and sufficiently according to the purchase order of Party A complying with the contract.
- Ensuring the quantity and quality of products according to purchase order of Party A. - Solving problem of NG product (if any)
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ARTICLE 7: COMMITMENT AND VALIDITY OF CONTRACT - Both parties commit to fulfill the terms and conditions of this contract.
- In the course of contract performance, any amendment or additional condition must be announced by document for each other. Neither party has the right to unilaterally amend this contract.
- Any difficulty that may arise out shall be settled based on discussion and respect each other's legitimate rights. In case of unable to negotiate, any breach will be judged at Economic Court of China ,The verdict announced by the Economic Court will be mandatory and binding for both parties. All related cost of the litigation will be paid by the party who lost the case.
- Neither party will be liable for performance delay or non-performance caused by force majeure cases such as : strike, fire, flood, war or embargo of the competent authority and it is not limited to natural disasters or any other conditions beyond the reasonable non control of both parties. - This contract is valid foe two (02)years from the moment of its signing by the parties.
This contract is made into two (02) copies, each party shall keep one (01) copy with equal legal validity.
PARTY A
PARTY B
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