Local Consignment Stock Supply & Distribution Agreement

Description

Moneyweb Insider Gold subscribers receive 12.5% discount!

EXPLANATORY NOTES FOR A CONSIGNMNT STOCK SUPPLY AND DISTRIBUTION AGREEMENT BETWEEN PARTIES IN THE REPUBLIC OF SOUTH AFRICA AND WHERE THE SUPPLY OF GOODS TAKES PLACE WITHIN THE REPUBLIC

This is a very detailed agreement that may be used for the supply of goods by one party (“the Supplier”) to another (“the Purchaser”) within the Republic of South Africa. It is intended for use by corporates receiving the services hereunder that fall outside the ambit of the NCA and the CPA.

This agreement is drafted in favour of the Supplier however, with minimal effort, a seasoned legal practitioner can make all rights and obligations reciprocally applicable, or in favour of the Purchaser, as the case may be.

This LOCAL CONSIGNMENT STOCK SUPPLY agreement:

• is legally substantive (18 pages in total; single-line spacing); please feel free to look at the explanatory notes below and compare the substance of this agreement to others for sale elsewhere;
• is bordered;
• has pages numbered;
• is fully justified;
• is typed up using Tahoma font, size 10;
• has been meticulously spell-checked;
• is extremely professional in its appearance;
• has several drafting notes therein to guide a legal practitioner;
• may be printed onto 18 A4 pages. (In the interests of the environment, it is suggested that the agreement rather be printed back to back on 9 pages.).

This LOCAL CONSIGNMENT STOCK SUPPLY agreement contains the following clauses:

1. PARTIES
2. DEFINITIONS AND INTERPRETATION
3. RECORDAL
4. APPOINTMENT AS SUPPLIER OF GOODS
5. GOOD FAITH
6. DURATION
7. OWNERSHIP AND RISK
8. PRICE AND PRICE ADJUSTMENTS
9. INVOICING AND PAYMENT
10. SUPPLIER’S OBLIGATIONS
11. QUALITY CONTROL
12. WARRANTIES AND UNDERTAKINGS
13. LIENS
14. DELIVERY OF GOODS
15. FORCE MAJEURE AND EXCUSABLE DELAY
16. INDEMNITY INSURANCE
17. SUPPLIER’S LIMITATION OF LIABILITY
18. INTELLECTUAL PROPERTY
19. INFRINGMENT OF PATENTS, TRADEMARKS AND COPYRIGHT
20. INFORMATION
21. TERMINATION
22. OPTION TO REPURCHASE GOODS
23. CONFIDENTIALITY
24. GOVERNING LAW AND JURISDICTION
25. DISPUTE RESOLUTION
26. NOTICES
27. ASSIGNMENT
28. SEVERABILITY
29. TRADE TERMS
30. APPLICABLE LAW
31. ENTIRE AGREEMENT
32. AMENDMENT OF AGREEMENT
33. WAIVER OF BREACH
34. SUCCESSORS AND ASSIGNS
35. COUNTERPARTS
36. STIPULATION ALTERI

APPENDIX 1: PURCHASE PRICE OF GOODS

APPENDIX 2: FORM OF CONFIDENTIALITY UNDERTAKING

Please read carefully through the agreement and fill in all missing details; in preparing a signature document, please have regard to all the notes we have placed hereon to assist you with the conclusion of a professional, legally binding agreement.

Moneyweb Readers: R2 000.00 incl VAT
Moneyweb Insider Gold subscribers: R 1 750.00 incl VAT