THE PURCHASE CONTRACT

TOMISLAV GALOVI

A quick reminder...
Buyer (Pizza d.o.o.) contacts the best supplier (Molino Agiugiaro S.P.A - PADOVA) that his offer is accepted and sends a signed contract Supplier (Molino Agiugiaro S.P.A - PADOVA) has to sign it and return it to the buyer

Contract of sale of goods

Contract of sale of goods is the most important contract in the internatiol commerce. With this agreement, the seller undertakes to deliver the goods and transfer ownership to the buyer and the buyer undertakes to pay the agreed price and receive the goods.

The purchase contract is made up of relevant and irelevant elements: Relevant elements of the contracts are so important that the contract is not complete without them. Irelevant elements of the contracts are all those elements without which the contract may be concluded
Relevant elements
The subject of the purchase contract (product, raw materials, production supplies ...) Price Payment methods

Irelevant elements
The provisions on the method of transport The provisions on the insurance contract

The provisions on interests

Delivery date...

Common elements of the contract include:

Name of the contracting parties: the name and address of the buyer and seller. Document title: "Purchase Agreement" with the addition of the sales contract number. Subject of purchase: a precise and clearly defined element of the contract (the trade name buying and selling items, the technical name, appearance, type, or types of product, name and number of standards) The quantity of items of trade, which is expressed by the appropriate unit of measure, can be a fixed or specified tolerances The quality of the sale of items is determined by individual quality characteristics of goods

Common elements of the contract include:

Packing and packaging of goods: in this clause we must accurately indicate whether it is returnable or nonreturnable containers (boxes, crates, reels, pallets) Price of the itemsinvolved in the sale, indicating the currency of payment (ex. USD, EUR, CHF, GBP itd.) Parity of delivery: a sales contract clauses that precisely defines which costs the basic cost of buying and selling items shall be borne by the seller and the buyer. Payment: can be contracted in cash or on credit. Payment instrument: it is precisely determined by which payment instrument buyer / importer will fulfill his financial obligations to the foreign supplier / exporter.

Common elements of the contract include :

Time of delivery (eg "now" or "prompt", the exact date). Qualitatively and quantitatively taking over of goods (the acquisition of right of objection to the quality or quantity of goods). Warranties (guarantees) documents which guarantee the payment obligations or other liabilities (bank guarantee, preapproval ..) Contractual clauses or penalties: refer to the delay in delivery. Dispute settlement: agreement or jurisdiction of the court or arbitration Entry into force of the contract: the signature or execution of actions Other clauses: A procedure in case of complaints, etc. ..

PURCHASE CONTRACT

The name of the document

Date of delivery

Names of participating parties

Q. i Q. Merchendise takeover

Object and quantity of the deal Solving the desputes

Price and parity of delivery

Quality of the products

Packing and packaging methods

Contracts entry into force Methods of payment

PURCHASE CONTRACT EXAMPLE 2

TASK

Make a purchase contract based on the folowing data

The name of the document

Date of delivery

Names of participating parties Q. i Q. Merchendaise takeover Object and quantity of the deal Solving the desputes
Price and parity of delivery

Quality of the products Packing and packaging methods

Contracts entry into force Methods of payment