Commercial Agreement
Between the undersigned:
[Your Company Name], located at [Address], represented by [Name of the Representative], hereinafter referred to as “the Supplier”,
And
[Partner/Client Name], located at [Address], represented by [Name of the Representative], 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 products/services].
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Duration
This agreement will be effective from [Start Date] for a period of [Duration] and may be renewed or terminated in accordance with the conditions outlined below.
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Financial Conditions
Price: The products/services will be invoiced at the rate of [Amount] excluding VAT/including VAT. 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, a penalty of [Interest Rate, e.g., 5%] will be applied.
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Obligations of the Parties
Supplier: Ensure delivery of the products/services according to the agreed specifications. 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.
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Termination
In case of non-compliance with obligations, either party may terminate the agreement after written notice of [Notice Period, e.g., 30 days].
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Disputes
Any dispute will be submitted to the competent courts of [City or Jurisdiction].
Made in two copies, signed by the parties:
The Supplier:
Name: __________________________
Signature: _____________________
The Client:
Name: __________________________
Signature: _____________________