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Essay, 2 pages (300 words)

Contract

SALES AGREEMENT OF PRODUCTS This Agreement (Agreement) d day ……… of Month ………………, between Brenda of ” Brendas Widgets, Inc BWI hereafter referred as the Seller) located at 123 Main Street, Podunk, Iowa and Jim (hereafter referred as the Buyer) who owns a hardware store at 456 First Street, Secondville, Michigan and sells widgets (hereafter referred as the Products).
It is therefore agreed between the Buyer and the Seller that:
1. The Seller has agreed to supply her Products to the Buyer at an agreed price of $5 per Product and that a quantity of ten thousand (10, 000) Products will be supplied.
2. The Seller has agreed to an initial payment of 10% of the total amount to be paid to her form the Buyer and that the remainder of the total amount to be settled after all the Products have been received.
3. The Seller has agreed to supply the Buyer with all the 10, 000 Products of the shipment before the summer begins, that is prior to June 1 without fail.
4. The Seller has agreed to deliver the Products to the Buyer’s hardware store at 456 First Street, Secondville, Michigan and that the Buyer is willing to pay for the extra delivery cost that will be incurred by the Seller.
5. The Seller and the Buyer have agreed for a negotiation of any dispute that may arise under this contract and that only Michigan Law will be applied to such disputes when they arise.
6. And that both the Buyer and the Seller have agreed to settle any disagreement arising from this contract before any transaction of the contract occurs.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first set forth above.
For BuyerFor Seller
By:
By:
Name:
Name:
Title:
Title:
Signature:
Signature:

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