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Goods sales contract is an important type of document in commercial transactions. Contract structure includes basic information about the parties, contract object, value, payment method, term and performance conditions. Follow Long Phan’s article below for details on the structure of goods purchase and sale contracts according to current legal regulations. Please refer!
Goods sales contract is an agreement between parties on the transfer of ownership of goods from the seller to the buyer.
According to Article 385 of the Civil Code 2015, a contract is an agreement between the parties to establish, change or terminate civil rights and obligations.
For goods, Clause 8, Article 3 of the Law on Commercial 2005 specifically stipulates: “Buying and selling goods is a commercial activity, in which the seller is obliged to deliver goods, transfer ownership of goods to the buyer and receive payment; the buyer is obliged to pay the seller, receive goods and ownership of goods according to the agreement”.
Thus, a goods sales contract is a document expressing an agreement between the seller and the buyer regarding the transfer of ownership of goods. This contract establishes the rights and obligations of the parties in the purchase and sale transaction, including delivery, payment and transfer of ownership of goods.
According to Article 24 of the Law on Commercial 2005, goods sales contract can be expressed in the following forms:
The text format brings many benefits such as:
Therefore, in commercial transactions, parties often choose a written form to sign goods sales contract, especially for high-value transactions.
The first part of the contract should clearly state information of the seller and buyer, including:
For individuals:
For businesses:
Stating complete and accurate information of the parties helps clearly identify the subject of the contract, avoid confusion and facilitate future communication and transactions.
This section should describe in detail the subject of the purchase contract, including:
A clear description and complete information about the goods helps avoid disputes about the quality and quantity of the goods later. If the goods have special technical requirements, the parties can attach a detailed technical data sheet.
This section specifies prices and payment methods, including:
The parties need to clearly agree on the payment method to avoid future disputes. In case of multiple payments, it is necessary to clearly state the amount and term of each payment.
This section details the rights and obligations of the seller and buyer:
Obligations of the seller:
Rights of the seller:
Obligations of the buyer:
Buyer’s rights:
Clearly defining rights and obligations helps parties clearly understand their responsibilities, thereby fulfilling their contractual commitments.
The end of the contract should stipulate:
In addition, the parties can agree on additional terms such as information security, dispute resolution, force majeure… depending on the specific needs of the transaction.
Below is a sample sales contract for reference:
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
CONTRACT FOR PURCHASE AND SALE OF GOODS
Number: …/2023/HDMB
Today, day… month… year 2023, at…
We include:
SELLER (Party A): Business name: … Business code: … Address: … Representative: Mr./Mrs. … Position: … Phone: …
BUYER (Party B):
Business name: … Business code: … Address: … Representative: Mr./Mrs. … Position: … Phone: …
The two parties agree to sign a goods purchase and sale contract with the following terms:
Article 1: Subject of contract Party A agrees to sell and Party B agrees to buy goods with the following information:
Article 2: Price and payment method
Article 3: Location and delivery time
Article 4: Rights and obligations of the parties 4.1. Rights and obligations of Party A… 4.2. Rights and obligations of Party B…
Article 5: Warranty…
Article 6: Liability due to breach of contract…
Article 7: General Terms…
This contract is made into … copies with equal legal value, each party keeps … copies.
REPRESENTATIVE OF PARTY A | REPRESENTATIVE OF PARTY B |
(Sign, write full name, stamp) | (Sign, write full name, stamp) |
To ensure that the goods sales contract is drafted strictly, in accordance with the law, and protects the rights of the parties, many businesses choose to use professional consulting services.
Long Phan’s contract drafting consulting services include the following scopes:
Long Phan provides consulting services and supports you throughout the entire process. For detailed advice and support in developing goods sales contracts. Please contact the hotline 0906735386. Our experts will answer all questions and provide the most suitable solution for your business.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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