Supply Agreement Uk
Even if the parties have not discussed in detail another duration of the contract, they will almost certainly have taken into account the price to be paid. If there is no explicit agreement on the price, there is an implicit provision that the buyer must pay a reasonable price (section 8, Sale of Goods Act 1979). However, failure to agree on a price in sales contracts may indicate that the parties have not yet reached a binding agreement. Sales contracts and delivery contracts serve a number of different purposes. For example, you indicate (sometimes by referring to another document) the goods or products to be delivered and the price to be paid by the buyer. They set out the guarantees and assurances that the supplier gives – and does not give – in respect of the goods or products (e.g. B if the goods are fit for a particular purpose?). They should describe in detail the delivery process and also present the risk and liability with regard to losses incurred during delivery. . .