Sale & Purchase Agreement
Wine 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.
Either the Buyer or Supplier may issue their own agreement, if the other party agrees. Otherwise, VINEX can issue an agreement for both parties to formally execute, to complete the purchase, supply and payment transactions, as detailed.
On acceptance, a Sale & Purchase Agreement is drafted and circulated for signing, and becomes a legally binding agreement between the two identified parties. In addition to the agreement 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 clauses include, but are not limited to; legal jurisdiction, mediation and force majeure.
Following its execution, 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, unless both parties agree to VINPay, only then will a tri-party agreement will be provided by VINEX for acceptance.