DRAFT CONTRACT

1st Party i.e _________ Co. Ltd will be called Supplier/ OEM/Company hereafter in contract ,
while _______ Co. will be called as buyer/ purchaser hereafter in the contract:

1. Company/ Supplier’s Detail

a. Name

b. Address

c. Contact Number

d. Salesperson Name

e. Date of Contract

2. Total Value of Order

3. Product Specification

4. Product Packaging

5. Outer carton description & full specifications

6. Product and Packaging pictures

7. Shipment Port & INCOTERM

8. Shipping Agent/ Freight Forwarder

9. Mode of Payment

10. Order Quantity (of product)

11. Price per unit

13. Delivery Time

14. Inspection Time

15. Terms of Payment: (Like i. 30% payment on placing of order

ii. 70% payment on successful
completion of Inspection by 3rd party.)
17. Inspection Criteria (Here mention the criteria of inspection)
 
18. Delay in Production (For example: If production time is lapsed beyond
10 days to 20 days 5% discount of total value of
order be incurred. If production is delayed 20-30
days 10% discount will be incurred. Delay beyond
30 days order will be cancelled with provision of
complete refund by supplier.)

19. Trade tolerance (Like: If refunds on orders increased beyond 3%,

Supplier will have to provide 10% discount on next
order and will also give extra units rejected due
poor quality by the customer.)

20. Confidentiality Agreement Supplier won’t discuss/ disclose the product, brand,
or business with any other buyer/ third party.

(Some other clauses can also be used depending upon nature of product and supplier buyer
relation. Like Tax, Insurance, Force Majeure, Termination, Dispute/ Arbitration, Liquidated
Damages, Letter of credit terms (for cases where payment through LC only), NNN
agreement, Certification requirement, Warranty/ guarantee, Buy back, Repurchase etc).