Terms Conditions
These Standard Terms Conditions for Sale of Goods, Business to Business provide a comprehensive series of protections for the Seller in a business to business transaction, carefully regulating the relationship between Buyer and Seller. The Terms of Sale have been updated to conform to current best practice, clearly setting out the responsibilities of both parties, whilst ensuring the contractual and legal position of the Seller is safeguarded. These Standard Terms and Conditions for Sale of Goods have recently been updated in order to develop the terms relating to risk and title. Condition 10 of the Terms and Conditions provides for a straightforward retention of title by the seller in the goods until full payment is received. Condition 10 can either be a simple reservation of title clause by deleting the words in square brackets, or it can be extended to an all sums or all monies clause by including the words contained in square brackets. The retention of title provision in these conditions does not allow for recovering proceeds of a sub-sale or acquiring title in subsequently manfufactured goods. If you are to supply goods for these purposes it is recommended that you use either the Standard Terms & Conditions for Sale of Goods for Resale or for Manufacture. These Terms & Conditions of Sale should be used when both Buyer and Seller are UK-based companies, acting in the course of their business. If the parties are wishing to enter a long term supply of goods relationship the Long Term Supply Agreement may be more appropriate. The Standard Terms & Conditions do not include a condition relating to quality of the goods. If extensive provisions relating to the quality of the goods are required these can be copied across from the document ‘Terms and Conditions for the Purchase of Goods’, condition 8. These Terms & Conditions contain the following clauses:
1. Application of Conditions
2. Interpretation
3. Basis of Sale
4. Orders and Specifications
5. Price
6. Payment
7. Delivery
8. Non-Delivery
9. Inspection/Shortage
10. Risk and Retention of Title
11. Assignment
12. Defective Goods
13. Buyer’s Default
14. Limitation of Liability
15. Confidentiality, Publications and Endorsements
16. Communications
17. Force Majeure
18. Waiver
19. Severance
20. Third Party Rights
21. Governing Law and Jurisdiction The addition of condition 14 ‘Limitatiojn of Liability’ seeks to limit the Seller’s liability to realistic levels without exceding the limitations allowed by law. For example the Buyer is prevented from recovering anything more than the contract price in the event of any major problems on the Seller’s part. This should be removed if it is not desired.
The Terms & Conditions for Sale of Goods Business to Business are in open format. Either enter the requisite details in the highlghted fields or adjust the wording to suit your purposes.