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Product purchase and sale contract(定稿) Buyer : Supplier: The undersigned Seller and Buyer agree following transaction, terms and conditions are specified as below:Art.1 Ordered products:Pos.Article No.DescriptionUnit Price (EUR)QuantityTotal priceTotal contract amount: Art. 2 Quality requirements and technical specifications:2.1 In accordance with prescribed products description of Art.1, the quality standard is based on manufacturers technical standard.Art. 3 Delivery time and terms of shipment:3.1 Lead Time: 3.2 Terms of shipment: Art. 4 Terms of payment: Art. 5 Goods reception and acceptance:5.1 Acceptance criteria: according to the Art. 2 Quality requirements and technical specifications of the present contractArt. 6 Liability for breach of contract:6.1 Should Party A postpone payment, Party B has right to delay shipment date; Party A should consequently pay late fees of 0.5% per day of the contract amount to party B till date of full payment. Should party A defers payment over 30 days, party B may dissolve the contract and Party A, according to above stipulated late fees rate, should pay Party B liquidated damages (until dissolution date released by party B) and Party A should return the goods to Party B. Actual amount paid by party A is considered as a compensation to Party B; party A should compensate the loss of party B additionally if above said compensation is not able to cover all the damage caused. 6-2 Party B should provide ordered goods to party A based on lead time, place, quality requirements and technical specifications stipulated on the present contract. Late fees, charged to party B, of 0.5% per day will be applied on values of goods overdue. Compensation of loss & damage caused by late delivery should be charged to party B. (except late shipment due to overdue payment by party A)6.3 Should party A fails to receive goods or refuse receiving goods delivered without justified or valid reason, the day when goods shipped to stipulated location will be considered as the day of reception and acceptance, party A is responsible for loss & damage caused.Art. 7 The force majeure:Definition: war, unrest, plague, earthquake, typhoon, flood, falling objects or any other explosion, fire, accidents and natural disasters which are excluded by both parties responsibilities of the present contract. Should one party is unable to fulfill the contract due to the force majeure, the party concerned should inform the other party in 3 days from the date of the event and should try all means to reduce loss caused. The damage caused by the force majeure should be born by each partys own risk.Art. 8 Dispute resolutions:All eventual disputes should be settled through friendly negotiation. If consultation fails, arbitration should be settled by a jurisdiction court located in a country other than both parties ones. Article 9 Miscellaneous:9.1 Both parties are responsible to maintain confidentiality regarding all technical and commercial information. Economic losses caused by lack of fulfillment of the duty should be compensated by the party concerned. 9.2 Any modification or complementary clauses to the present contract should be negotiated and amended which will have the same valid effect as the present contract. 9.3 This present contract is in duplicate, one original for each party; effective once signed by both parties. Fax copy is also valid and applicable. Party A: _ (Stamp)Authorized (signature)Representative:_ Ba
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