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Terms Of Sale Agreement
"I need a Terms of Sale Agreement for my Malaysian manufacturing company that sells industrial equipment to other businesses, with specific focus on payment terms of 30 days and warranty coverage for 12 months."
1. Parties: Identification and details of the seller and buyer, including registration numbers and addresses
2. Background: Context of the agreement and business relationship between the parties
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Scope of Agreement: Overview of what is being sold and the general terms of sale
5. Order and Acceptance: Process for placing orders and conditions for acceptance
6. Price and Payment Terms: Pricing structure, payment methods, and payment schedules
7. Delivery and Risk: Delivery terms, timing, and transfer of risk in goods
8. Title and Property: Transfer of ownership and retention of title provisions
9. Quality and Warranties: Product quality standards and warranty terms
10. Returns and Refunds: Policies and procedures for returns and refunds
11. Limitation of Liability: Scope and limits of seller's liability
12. Term and Termination: Duration of agreement and termination conditions
13. Governing Law: Specification of Malaysian law as governing law and jurisdiction
14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. International Shipping: Include when goods are shipped internationally, covering customs, duties, and international delivery terms
2. Digital Products: Include for digital goods, covering licensing, download, and usage rights
3. Intellectual Property: Include when selling products with significant IP components
4. Data Protection: Include when customer data is collected and processed, ensuring PDPA compliance
5. Product Installation: Include when products require professional installation or setup
6. Maintenance and Support: Include for products requiring ongoing maintenance or technical support
7. Compliance with Industry Standards: Include for regulated products or industry-specific requirements
8. Volume Discounts: Include when offering bulk purchase or loyalty pricing schemes
1. Schedule 1 - Product Specifications: Detailed technical specifications of products
2. Schedule 2 - Price List: Current pricing for all products and variants
3. Schedule 3 - Delivery Terms: Detailed delivery timeframes and costs for different regions
4. Schedule 4 - Warranty Terms: Detailed warranty conditions and claim procedures
5. Schedule 5 - Returns Policy: Detailed returns procedures and conditions
6. Appendix A - Order Form Template: Standard form for placing orders
7. Appendix B - Quality Standards: Detailed quality specifications and testing procedures
8. Appendix C - Service Level Agreement: Performance metrics and service standards if applicable
Authors
Retail
Manufacturing
E-commerce
Wholesale
Consumer Goods
Electronics
Automotive
Food and Beverage
Textile and Apparel
Construction Materials
Industrial Equipment
Healthcare Products
Technology
Furniture and Home Goods
Legal
Sales
Commercial
Procurement
Operations
Compliance
Risk Management
Supply Chain
Customer Service
Business Development
Retail Operations
Legal Counsel
Commercial Director
Sales Manager
Procurement Manager
Business Development Manager
Contract Administrator
Compliance Officer
Operations Manager
General Manager
Chief Executive Officer
Chief Commercial Officer
Risk Manager
Supply Chain Manager
Retail Manager
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