Sale & Purchase Agreement
Executing the agreement terms & conditions
On the basis, a final sample is accepted by the buyer, and the payment terms are accepted by the seller, then both parties have accepted the trade unconditionally.
Resulting from this acceptance, a Sale & Purchase Agreement is issued and signed and becomes a legally binding agreement between the parties identified. In addition to the contract detailing the agreed offer, acceptance, product details and terms, it specifies a number of legally binding clauses to which the buyer and seller are bound. These contract clauses include, but are not limited to; legal jurisdiction, mediation and force majeure.
VINEX issues the Sale & Purchase Agreement to both parties to formally execute, and complete the purchase, supply and payment transactions as detailed.
Following the execution of the agreement, the terms of sale and purchase can only be altered or the agreement dissolved with the written consent of both parties.
Note: VINEX facilitates the trade process, but is not a party to the contract.