Commercial contract refers to a wide range of agreements which may be signed between two or more commercial business entities for purposes relating to their business activities. The contracts may be framed for the certification a sale made, a purchase made or to be made etc. The sample of a commercial contract provided below is a document which records leasing out of a commercial property.
Sample Commercial Contract
The contract prepared by and signed between Harry Doodle Estates and M/s Kathy Acquisitions Ltd. on the 15th February 2012.
The contract states that Harry Doodle Estates have leased out a commercial property to M/s Kathy Acquisitions for a period of three years. The lease is due to be renewed before the old lease expires.
Date on which lease begins: 1st March 2012.
Details of the Harry Doodle Estates:
Authorized personnel: Mr. Mark Rudd
Job Position: Chief Manager
Contact No.: 462-38-824
Details of M/s Kathy Acquisitions:
Authorized Personnel: Mr. Anthony Ruffle
Job Position: Senior Manager
Contact No.: 462-19-342
Details of the property:
Address: Shop No. 403, Fourth Floor, Hanky Towers, Mathews Street, West Virginia.
Terms of the Contract:
- 1. All the payments in respect to the lease have to be paid as lump sum amount at the beginning of the lease.
- 2. If the lease is not renewed before the expiry of the old lease the owner is free to lease out the property to another party and renew the amount of the lease.
Signatures of the parties are provided below:
_____________________________ (Mr. Mark Rudd)
_____________________________ (Mr. Anthony Ruffle)