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Initial Contract Of Sale
"I need an Initial Contract of Sale under Swiss law for selling industrial machinery worth CHF 500,000 to a German manufacturing company, with delivery scheduled for March 2025 and including installation services and technical training requirements."
1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the sale and brief description of the parties' intent to enter into the sales agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Object of Sale: Detailed description of the goods being sold, including quantity, quality, and specifications
5. Purchase Price: The agreed price, currency, and payment terms
6. Delivery: Terms and conditions of delivery, including timing, location, and transfer of risk
7. Transfer of Title: Conditions and timing for the transfer of ownership from seller to buyer
8. Warranties: Seller's warranties regarding the goods and their condition
9. Examination and Notice of Defects: Buyer's obligations to examine goods and procedure for reporting defects
10. Liability: Extent and limitations of seller's liability
11. Termination: Circumstances under which the contract may be terminated and consequences
12. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes
13. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments
1. Retention of Title: Used when the seller wishes to retain ownership until full payment is received
2. Intellectual Property Rights: Required when the sale involves goods with associated IP rights
3. Export/Import Requirements: Necessary for international sales, addressing customs and regulatory requirements
4. Installation and Training: Included when the seller must provide installation services or training
5. Maintenance and Support: Required when ongoing maintenance or support services are part of the sale
6. Insurance: Details of required insurance coverage during transit or installation
7. Confidentiality: Used when sensitive information will be exchanged during the sale process
8. Force Majeure: Added when parties want specific provisions for unforeseen circumstances
1. Technical Specifications: Detailed technical specifications of the goods being sold
2. Price List: Itemized list of prices if multiple items or components are involved
3. Delivery Schedule: Detailed timeline for delivery if multiple shipments are involved
4. Quality Standards: Specific quality requirements and standards the goods must meet
5. Warranty Terms: Detailed warranty terms and conditions
6. Required Certifications: Copies of or references to required certifications or compliance documents
7. Installation Requirements: Technical requirements for installation if applicable
8. Acceptance Test Procedures: Procedures for testing and accepting the goods
Authors
Manufacturing
Retail
Wholesale
Technology
Industrial Equipment
Consumer Goods
Automotive
Electronics
Food and Beverage
Pharmaceuticals
Construction
Agriculture
Machinery
Textiles
Energy
Legal
Sales
Procurement
Commercial
Operations
Supply Chain
Compliance
Business Development
Contract Administration
Risk Management
Commercial Director
Sales Manager
Procurement Manager
Legal Counsel
Contract Manager
Business Development Manager
Supply Chain Manager
Operations Manager
Chief Commercial Officer
Chief Legal Officer
Purchase Officer
Sales Director
General Counsel
Compliance Officer
Corporate Secretary
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