A commercial production contract is a written document which is written when a party who commercially produces goods or services agrees to sell them to another party for commercial use. Such contracts are based upon certain number of terms and conditions which are legally binding in nature and are enforceable by law.
Sample Commercial Production Contract
This contract has been made effective on the date: 23rd June 2011
This contract has been made by and between Mr. Mark Lawson who is the owner or the PRODUCER and Mr. Fred Johnson who is the BUYER in this commercial production contract.
The details of the parties are given as follows:
Address: M-9, 2nd floor, pearl square, LA
Contact number: 479304353219
Address: A-8,4th Floor, Paul estate, LA
Contact number: 479373950504
Details of product produced for commercial use
The PRODUCER produces bags and belts by the name of Lawson bags. The BUYER agrees to buy the belts and bags produced by PRODUCER on contract basis.
Total cost of order: $30000
Termination date: 23rd June 2012
Terms and conditions:
- The PRODUCER agrees to sell the products for commercial wholesale use to the BUYER.
- The BUYER agrees to buy products by placing orders as and when required.
- The BUYER can return any faulty bag or belt which has been not produced or manufacturer properly.
- The BUYER must make the payment on time so as to avoid any late fee or compensation charges.
Below are the signature of both the parties for the validation of the parties involved