Team 17

SALES OF GOODS
AGREEMENT
TEAM MEMBERS-
Akhil Raj Nigam
Abhiraam Shukla
Ajal Verma
Anurag Rajput
Karan Khanduja
Rohan D’cruz

ASSUMPTIONS:

1. Dates of the contract

2. Arbitration and default Clauses in this Contract
3. Mode of Transport
 SALES OF GOODS AGREEMENT

This Agreement was made and entered into on April 17, 2022, between Thakur Brothers (Indore)
Pvt. Ltd. incorporated on April 6, 1950, and has its registered office in Indore, Madhya Pradesh
(hereinafter referred to as the BUYER, which expression shall, unless it is repugnant to the
context or meaning thereof, be deemed to mean and include its successors and assigns) And Geet
Engineering Locomotive Company Ltd. incorporated under the Company Act, 2013, and has a
registered office in Khandwa, Madhya Pradesh (Hereinafter referred to as the SELLER which
expression shall, unless it is repugnant to the context or meaning thereof, be deemed to mean and
include its successors and assigns).

In this agreement, the Seller party has to provide 180 chassis to the Buyers party warehouse

WHEREAS the Seller is a manufacturer of auto parts including chassis of a car, carriage, or
another wheeled vehicle.

WHEREAS the buyer is a retailer and manufacturer of automobiles and has approached the
Seller asking him to sell the 180 chasses at the rate of RS. 7, 36,169

THE PARTIES HERETO agree to abide as under:

1. Purchase and Payment. The Seller undertakes to sell the Buyer and the Buyer
undertakes to buy from Seller 180 chassis (hereinafter called the 'said goods') at a price of
Rs.7, 36,169
2. Delivery. The Seller will send the said goods through the designated carrier at the
buyer’s company warehouse, plot no. 22, RNT Mark, Indore-Devas Road, located in
Indore.
3. Right of Inspection. It shall be the responsibility of the Buyer to have said goods insured
for their value upon the current terms and make out an invoice. It shall be the Buyer's
right to examine the goods for his satisfaction at the point of destination. If the goods are
not according to the sample or specification, the Buyer shall have the right to reject the
goods at the risk and cost of the seller.
4. According to a schedule. It is agreed upon by both parties that, If the company fails to
deliver the auto parts by June 11, 2022, their deal stands terminated.
5. Payment. After the supply of chassis, within thirty days, the amount of the bill is Rs.7,
36,169 is to be paid by Thakur Brothers (Indore) Pvt. Ltd. via net banking. It is also
specifically made clear that if the amount of the bill is not paid within thirty days, then
the seller's company shall be entitled to interest at the rate of 5% per month.
6. Amendments. No amendment to this Agreement will be effective unless it is in writing
and signed by both Parties.
7. Governing Law. The terms of this Agreement shall be governed by and construed in
accordance with the laws of the State of Madhya Pradesh, not including its conflicts of
law provisions.
8. Force Majeure. Seller shall not be responsible for any claims or damages resulting from
any delays in performance or for non-performance due to unforeseen circumstances or
causes beyond Seller’s reasonable control.
9. Disputes. In the event of any dispute or difference between the parties hereto arising out
of or in connection with this deed of whatsoever nature the same shall be referred to the
arbitration of a common arbitrator if agreed upon, failing which to two Arbitrators one to
be appointed by each party to the Arbitration. The said Arbitrators shall appoint a
presiding Arbitrator and the Arbitration shall be governed by the Arbitration Act and
Conciliation Act, 1996, or any statutory modification thereof.
10. Notices. Any notice or other communication given or made to any Party under this
Agreement shall be in writing and delivered by hand, sent by overnight courier service or
sent by certified or registered mail, return receipt requested, to the address stated above or
to another address as that Party may subsequently designate by notice and shall be
deemed given on the date of delivery.
11. Waiver. No Party shall be deemed to have waived any provision of this Agreement or the
exercise of any rights held under this Agreement unless such waiver is made expressly
and in writing. Waiver by any Party of a breach or violation of any provision of this
Agreement shall not constitute a waiver of any other subsequent breach or violation.
12. Miscellaneous. This Agreement shall be binding upon and inure to the benefit of the
Parties and their respective heirs, successors and assigns. The provisions of this
 Agreement are severable. If any provision is held to be invalid or unenforceable, it shall
not affect the validity or enforceability of any other provision. The section headings
herein are for reference purposes only and shall not otherwise affect the meaning,
construction or interpretation of any provision of this Agreement. This Agreement may
be executed in one or more counterparts, each of which shall be deemed an original and
all of which together, shall constitute one and the same document.

In the witness thereof, parties have executed this agreement as of the date first written above.

(SIGNED, SEALED, AND DELIVERED)

BUYER SIGNATURE IN THE PRESENCE OF MR. BATUK LAL AND MP JAIN

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SELLER SIGNATURE IN THE PRESENCE OF MR. MP SHARMA AND KD GAUR

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