You are on page 1of 2

REPUBLIC OF KENYA

GOLD SALES AGREEMENT

This Gold Sales Agreement (the "Agreement") is made and entered into as of ...........................,
by and between Aureus Gold Traders, with its principal place of business at [............................]
(the "Seller"), and [...........................................] with its principal place of business at
[.................................] (the "Buyer").
WHEREAS, the Seller is engaged in the business of gold trading and desires to sell gold to the
Buyer; and
WHEREAS, the Buyer desires to purchase gold from the Seller.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained
herein, the parties hereto agree as follows:

1. Sale and Purchase:


o The Seller agrees to sell and deliver to the Buyer [Quantity] of gold (the "Gold").
o The Buyer agrees to purchase the Gold from the Seller at the price of
[............................................] per [................................] (the "Purchase Price").
2. Delivery and Inspection:
o The Seller shall deliver the Gold to the Buyer at [..................................] on
[.....................................................].
o The Buyer shall inspect the Gold within [.........................................] business days
of delivery to ensure conformity with the specifications set forth in this
Agreement.
3. Payment Terms:
o The Buyer shall pay the Purchase Price to the Seller within [.............] business
days of delivery and inspection of the Gold.
o Payment shall be made by [....................................................................] to the
account designated by the Seller.
4. Title and Risk of Loss:
o Title to the Gold shall pass from the Seller to the Buyer upon full payment of the
Purchase Price.
o Risk of loss or damage to the Gold shall pass from the Seller to the Buyer upon
delivery of the Gold to the Buyer.
5. Warranties and Representations:
o The Seller warrants that it has good and marketable title to the Gold and has the
right to sell and deliver the Gold to the Buyer.
o The Seller further warrants that the Gold conforms to the specifications and
quality set forth in this Agreement.
o The Buyer represents that it has the financial capability to purchase the Gold and
perform its obligations under this Agreement.
6. Indemnification:
o The Seller shall indemnify and hold harmless the Buyer against any claims,
losses, or damages arising out of or in connection with any breach of the Seller's
warranties and representations under this Agreement.
o The Buyer shall indemnify and hold harmless the Seller against any claims,
losses, or damages arising out of or in connection with any breach of the Buyer's
representations and obligations under this Agreement.

7. Force Majeure:
o Neither party shall be liable for any failure or delay in performance under this
Agreement due to causes beyond its reasonable control, including, but not limited
to, acts of God, war, riots, fire, explosion, or any other unforeseen circumstances.
8. Governing Law and Dispute Resolution:
o This Agreement shall be governed by and construed in accordance with the laws
of The republic of Kenya
o Any dispute arising out of or in connection with this Agreement shall be resolved
through binding arbitration in accordance with the rules of [Arbitration
Institution].

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written.

SELLER: _____________________________ SIGNATURE: ________________________

BUYER: _____________________________ SIGNATURE: ________________________

You might also like