|
Model of contract used by international companies for the sale and purchase of goods. The exporter (the “Vendor”) is obliged to deliver the stated products, and the importer (the “Buyer”) shall acquire them under the agreed conditions of payment, delivery, and transaction schedule.
The contract is designed for sales of products from business to business, not to end consumers. In this case each operation constitutes a sale in itself, that is to say, it is not part of regular goods. If that was the case, it is preferable to use the model of international supply contract.
This model of contract is intended for the international sale of different types of products (raw materials, components, consumer goods, capital goods, etc). There are several wording alternatives concerning the most important issues (products, prices, form and date of payment, place of delivery, etc). The contract conforms to the principles established in the Vienna Convention of 1980 regarding the international sale of goods.
|