Commercial Agreement
Between the undersigned:
[Name of your company], located at [Address], represented by [Name of representative], hereinafter referred to as “the Supplier”,
And
[Name of partner/client], located at [Address], represented by [Name of representative], hereinafter referred to as “the Customer”.
1. Purpose
The purpose of this agreement is to define the terms and conditions under which the Supplier undertakes to provide the Customer with the following products or services: [Describe the products/services].
2. Term
This agreement is effective from [Start Date] for a period of [Term] and may be renewed or terminated in accordance with the conditions set out below.
3. Financial Terms
Price: The products/services will be invoiced at [Amount] excluding/including VAT.
Payment Terms: Payment must be made within [Deadline, e.g. 30 days] after receipt of the invoice.
Late Payment Penalties: In the event of late payment, penalties of [Interest Rate, e.g., 5%] will be applied.
4. Obligations of the Parties
Supplier: Ensure delivery of products/services in accordance with the agreed specifications.
Client: Comply with the payment terms and cooperate to ensure the proper execution of the agreement.
5. Confidentiality
The parties undertake not to disclose any confidential information obtained under this agreement.
6. Termination
In the event of non-compliance with these obligations, either party may terminate the contract after giving [Time Limit, e.g., 30 days] written notice.
7. Disputes
Any dispute shall be submitted to the competent courts of [City or Jurisdiction].
Made in two copies, signed by the parties:
Supplier:
Name: __________________________
Signature: _____________________
Customer:
Name: __________________________
Signature: _____________________