Commercial Agreement
Between the undersigned:
[Your company name], located at [Address], represented by [Representative’s name], hereinafter referred to as “the Supplier”,
And
[Partner/client name], located at [Address], represented by [Representative’s name], hereinafter referred to as “the Client”.
- Purpose
This agreement aims to define the conditions under which the Supplier commits to providing the Client with the following products or services: [Describe the products/services].
- Duration
This agreement is effective from [Start Date] for a period of [Duration], and may be renewed or terminated according to the conditions outlined below.
- Financial Conditions
- Price: The products/services will be billed at the rate of [Amount] excluding tax/inclusive of tax.
- Payment terms: Payment must be made within [Deadline, e.g., 30 days] after receipt of the invoice.
- Late payment penalties: In case of late payment, penalties of [Interest rate, e.g., 5%] will be applied.
- Obligations of the Parties
- Supplier: Ensure the delivery of products/services according to the agreed specifications.
- Client: Adhere to payment conditions and cooperate to ensure the smooth execution of the agreement.
- Confidentiality
Both parties agree not to disclose any confidential information obtained under this agreement.
- Termination
In the event of a breach of obligations, either party may terminate the contract after giving [Notice period, e.g., 30 days] written notice.
- Disputes
Any disputes will be submitted to the competent courts of [City or jurisdiction].
Executed in two copies, signed by the parties:
The Supplier: Name: __________________________
Signature: _____________________
The Client: Name: __________________________
Signature: _____________________