An industrial product sales contract is a contract which entered by two parties when a buyer buys industrial products manufactured by the seller. The details mentioned in the contract include the type of industrial product manufactured by the seller that the buyer is purchasing and the purpose of buying the product. The contract also lays down terms and conditions that both the parties need to agree to.
Sample Industrial Product Sales Contract
Industrial product contract number: IP 34
Effective date of contract: 12th of June 2011
This sales contract has been drafted and entered into between Iron Manufacturers referred to as the seller with their factory address located at 23 East Rocky Road, Colorado, Las Vegas 4189 and Hard Steel Limited referred to as the purchaser with their office address located at 46 West Rocky Road, Colorado, Las Vegas 4145.
As per the contract the purchaser will be purchasing the iron ore manufactured by the seller for the purpose of making steel.
The terms and condition agreed upon by both the parties are as follows:
- The seller assures that they will be delivering quality product.
- The purchaser has to purchase at least 1000 pounds of iron ore each month. The payment will be made in advance to the seller.
- In case there is default in making payment by the purchaser, the seller has the authority to cancel the contract.
Signature of the seller: Signature of the purchaser:
Norman reed Ben Affleck
(On behalf of Iron Manufacturers) (On behalf of Hard Steel Limited)