COMMERCIAL SUPPLY AGREEMENT
Governed by UCC Article 2 โ Sale of Goods
This Commercial Supply Agreement ("Agreement") is made and entered into as of
__________
("Effective Date"), by and between:
__________
with a principal place of business at
__________, __________, __________ __________, United States
("Supplier"),
AND
__________
with a principal place of business at
__________, __________, __________ __________, United States
("Buyer"),
collectively referred to herein as the "Parties."
1. SCOPE OF SUPPLY & MATERIAL SPECIFICATIONS
Supplier agrees to manufacture, sell, and deliver to Buyer, and Buyer agrees to purchase from Supplier, the following materials and components:
Material / Component Description:
"__________"
Required Specification / Grade: __________
Unit of Measure: Piece
2. PRICING, MINIMUM ORDER QUANTITY & INCOTERMS
The purchase price for the materials supplied hereunder shall be
$__________ per Piece.
Minimum Order Quantity (MOQ): N/A
Shipping Terms & Risk of Loss: Delivery shall be governed by Incoterms
FOB โ Free On Board,
at which point title and risk of loss pass to Buyer in accordance with UCC Article 2 provisions.
3. DELIVERY SCHEDULE & SHIPMENT
Supplier shall deliver goods in accordance with the following schedule and lead times:
__________
4. QUALITY ASSURANCE, INSPECTION & NON-CONFORMING GOODS
Quality Standards: All goods supplied must conform strictly to
Standard Commercial Grade.
Right of Inspection: Pursuant to UCC ยง 2-513, Buyer or its authorized representative retains the right to inspect all materials and components at Supplier's facility or upon receipt at Buyer's designated delivery location prior to payment or formal acceptance.
Remedies for Non-Conforming Goods: In the event goods fail to meet agreed specifications, Buyer may reject the shipment and receive the following agreed remedies:
- Replacement or credit at Buyer's option upon prompt written notice.
5. TERM & TERMINATION
This Agreement shall remain in full force and effect for
__________,
unless terminated earlier in accordance with its written terms or mutual agreement of the Parties.
6. COMMERCIAL IMPRACTICABILITY & FORCE MAJEURE
Neither party shall be liable for failure or delay in performance caused by acts of God, war, labor disputes, government orders, natural disasters, or severe supply chain disruptions beyond its reasonable control, provided prompt written notice is given to the other party.
IN WITNESS WHEREOF, the Parties have executed this Commercial Supply Agreement as of the Effective Date written above.
_____________________________
__________
Authorized Signature for Supplier
_____________________________
__________
Authorized Signature for Buyer
NOTARY PUBLIC ACKNOWLEDGMENT
State of __________,
County of _______________________
On this _____ day of __________________, 20____, before me, the undersigned Notary Public, personally appeared the authorized representatives of
__________ and
__________,
known to me (or satisfactorily proven) to be the persons who executed the foregoing Commercial Supply Agreement on behalf of their respective entities, and acknowledged that they executed the same for the purposes therein contained.
_____________________________________
Notary Public Signature
My Commission Expires: _________________
(Notary Seal)