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’s Name], located at [Address], represented by [Representative’s Name], hereinafter referred to as “the Client”.
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Purpose
This agreement aims to define the terms under which the Supplier agrees to provide the Client with the following products or services: [Describe the products/services]. -
Duration
This agreement takes effect from [Start Date] for a duration of [Duration], and may be renewed or terminated in accordance with the conditions defined below. -
Financial Conditions
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Price: The products/services will be invoiced at the rate of [Amount] excluding/including VAT.
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Payment Terms: Payment must be made within [Timeframe, e.g., 30 days] after receipt of the invoice.
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Late Payment Penalties: In case of late payment, penalties of [Interest Rate, e.g., 5%] will apply.
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Obligations of the Parties
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Supplier: Ensure delivery of products/services in accordance with the agreed specifications.
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Client: Comply with payment terms and cooperate to ensure the smooth execution of the agreement.
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Confidentiality
The parties agree not to disclose any confidential information obtained under this agreement. -
Termination
In case of non-compliance with obligations, either party may terminate the contract after written notice of [Notice Period, e.g., 30 days]. -
Disputes
Any dispute will be submitted to the competent courts of [City or Jurisdiction].
Done in two copies, signed by the parties:
The Supplier:
Name: __________________________
Signature: _____________________
The Client:
Name: __________________________
Signature: _____________________