Essay About Buyer Intents And Purchase Orders

Purchase Agreement
PURCHASE AGREEMENTA Corporation is “Buyer”. B Corporation is “Seller”. BUYER intents to purchase certain electronic equipment’s from SELLER. SELLER agrees to supply the Products to BUYER in according to the terms and conditions of this Agreement;1. BUYER will issue purchase orders, providing the model and name of Products, quantity, price, delivery date and delivery destination.2. BUYER shall ensure and cause its Affiliate to execute a written consent to comply with this Agreement.3. BUYER may not cancel any accepted Purchase Order, unless a written notice of Cancellation is given to SELLER 15 days prior to the original scheduled delivery date.4. SELLER agrees to provide to BUYER a monthly yield report.5. Both parties agree to use the London Material Exchange Index of three-month average on aluminum as a reference when determining the prices.6. The Products shall be delivered EXW within the accepted Purchase Orders under the INCOTERMS 2010.7. The risk of the Products will be transferred to BUYER when the Products are delivered to the carrier of BUYER at SELLER’s premises.8. SELLER shall clearly mark on the package of Products with serial number and pay the delay penalty for the late delivery.9. BUYER shall inspect the shipment upon its arrival at the destination port and may not withhold any due payment or deduct payable by SELLER.10. Payment for Products shall be paid within 15 business days.11. If BUYER fails to make payment, SELLER may defer shipment until it is made.12. If SELLER has any reasonable grounds to believe that BUYER become insolvent, SELLER may demand that BUYER make partial payment for the Products.13. The Price for the Product(s) does not include any taxes levied against the sale, delivery or use of Products.