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Sample Creative writing Paper on Contracts

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Sample Creative writing Paper on Contracts

Contract of Asset purchase

THIS AGREEMENT dated Wednesday, May 07 2014

 BETWEEN

Brenda’s Widgets, Inc. (“BWI”) of 123 Main Street, Podunk, Iowa,

“Seller”

-AND-

Jim Hardware Store of 456 First Street, Secondville, Michigan,

“Buyer”

IN CONSIDERATION OF THE MUTUAL COVENANTS and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows.

  1. Orders and Specifications

1.1       The seller hereby agrees to sell and the buyer hence agrees to purchase 10,000 widgets

1.2       This order submitted by the Buyer shall be deemed to be accepted by the Seller unless and until confirmed in writing by an authorized representative of the buyer.

1.3       The Buyer has the right to make alterations in the specifications of the Goods, which are expected to follow any applicable safety or other statutory or regulatory requirements.

  1. Price of the Goods

2.1       The price of the Goods shall be as agreed between the Buyer and the seller at the date of acceptance of the Buyer’s order which is hereby quoted as $5 per widget and a total of $50,000

2.2       The price of the commodity shall be as agreed between the buyer and the seller and shall remain unchanged for the entire period of this business transaction

  1. Terms of Payment

3.1       The Buyer shall pay the 10% of price of the Goods initially and shall make the remaining 90% of the payment once all goods are received the time of payment of the price shall be of the essence of the Contract. Receipts for payment will be issued only upon request.

3.2       All payments shall be made to the Seller in the currency of the price stated in the Contract at its office as indicated on this contract form or invoice issued by the Seller without any deduction credit or set off whatsoever.

  1. Delivery

4.1       Delivery of the Goods made by the Seller to the place specified in the Buyers orders which hereby is the buyers premise

4.2       Unless otherwise agreed in writing by the Buyer and the seller shipment and insurance of all Goods ordered f.o.b. or f.a.s will be arranged by the Seller on behalf of the Buyer and all charges shall be paid by the Buyer

4.3       The Delivery Date and time for delivery shall be of the essence unless previously agreed by the Seller in writing

4.4       The delivery of all the goods in the buyers order as stipulated in this contract shall be done not later than the 1st day of June 2014

  1. Applicable Law and Jurisdiction

5.1       Any dispute arising from this contract shall be subject to arbitration under the laws of the state of Michigan

5.2       The Uniform Laws on the International Sale of Goods laid down in the 1980 United Nations Convention shall not apply to this transaction unless expressly agreed between the Buyer and seller in writing.

  1. General Provisions

6.1       In the event that the seller is unsatisfied by the terms and conditions of this agreement, they are at liberty to propose for amendments, otherwise this transaction shall be conducted as per the terms and conditions stipulated in this contract.

 

IN WITNESS WHEREOF this Agreement has been executed on this 8th day of May, 2014.

SIGNED by

Seller representative 

For and on behalf of Brenda’s Widgets, Inc

In the presence of

Witness name

SIGNED by

Buyer Representative

For and on behalf of Jim hardware stores

 

 

 

  

 

 

 

 

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