Terms of Contract
1. Parties: This contract is entered into between [Company Name], hereinafter referred to as "Seller," and [Customer Name], hereinafter referred to as "Buyer."
2. Goods or Services: The Seller agrees to provide the Buyer with the goods or services as agreed upon in the order or agreement between the parties.
3. Price and Payment: The Buyer agrees to pay the Seller the agreed-upon price for the goods or services provided. Payment terms will be as stated in the order or agreement between the parties.
4. Delivery: The Seller agrees to deliver the goods or perform the services in a timely manner as agreed upon in the order or agreement between the parties.
5. Quality: The Seller agrees to provide goods or services of a quality and standard as agreed upon in the order or agreement between the parties.
6. Warranties: The Seller warrants that the goods or services provided will be free from defects and will conform to the specifications as agreed upon in the order or agreement between the parties.
7. Limitation of Liability: The Seller's liability under this contract is limited to the price paid by the Buyer for the goods or services provided.
8. Governing Law: This contract shall be governed by the laws of [State/Country], and any disputes arising from this contract shall be settled in the courts of [City, State/Country].
9. Termination: Either party may terminate this contract by giving written notice to the other party. The terms for termination will be as stated in the order or agreement between the parties.
10. Entire Agreement: This contract contains the entire agreement between the parties and supersedes any previous agreements or understandings, whether written or oral.
11. Amendments: Any amendments to this contract must be made in writing and signed by both parties.
12. Severability: If any provision of this contract is deemed invalid or unenforceable by a court of law, the remaining provisions of the contract shall remain in full force and effect.
13. Waiver: The failure of either party to enforce any provision of this contract shall not be deemed a waiver of that provision or any other provision of the contract.
14. Assignment: Neither party may assign this contract or any rights or obligations under this contract without the written consent of the other party.
15. Confidentiality: Both parties agree to keep the terms of this contract confidential and not disclose them to any third parties without the written consent of the other party.
By signing below, the parties acknowledge that they have read, understood, and agree to abide by the terms of this contract.
Seller: ________________________ Date: ___________
Buyer: ________________________ Date: ___________
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