You are on page 1of 1

BILATERAL PROMISE TO BUY AND SELL

CONDITIONS

A. The seller (JJ Enterprises) agrees to sell the coconuts to the undersigned

buyer and will be committed to supplying them for the stated period. The amount of

coconuts to be delivered is subject to the agreement of both the parties and will be

transported at the stated address below.

___________________________________________________________________

B. The buyer agrees to be supplied by the seller (JJ Enterprises) and will be

committed in paying the amount agreed upon after the unloading of the goods

(coconut).

C. Cash would be the form of payment between the parties and a one week

extension would be granted upon request.

D. Breach of this contract would result in the payment of the largest amount of

cash paid during the past transactions with a five percent interest in the form of

cash or an equivalent of the maximum capacity of one trip if in the start the breach

has already been committed.

E. This contract is enforceable only within a period of ONE YEAR after the date

of establishment of said business.

F. This contract signifies that the buyer and seller has read and understood the

contract, its penalties and its purpose.

JJ ENTERPRISES BUYER - CONSIGNEE

Signature above printed name

You might also like