CONTRACT FOR SALE OF RICE
This Sale Contract ("Contract") is made and entered into on this ___ day of __________, 20__, by
and between:
SELLER:
[Seller's Name]
[Company Name, if applicable]
[Address]
[City, State, Country]
[Contact Number]
[Email]
AND
BUYER:
[Buyer's Name]
[Company Name, if applicable]
[Address]
[City, State, Country]
[Contact Number]
[Email]
WHEREAS, the Seller agrees to sell and the Buyer agrees to purchase rice under the following
terms and conditions:
1. DESCRIPTION OF GOODS
- Product: Rice
- Type/Grade: [Specify type and grade]
- Quantity: [Specify total quantity in metric tons or kilograms]
- Packaging: [Specify packaging details, e.g., 50 kg bags]
- Origin: [Specify country of origin]
2. PRICE AND PAYMENT TERMS
- Price per unit: [Specify currency and price per unit]
- Total price: [Specify total amount]
- Payment method: [Bank Transfer / Letter of Credit / Cash on Delivery, etc.]
- Payment terms: [Specify advance payment percentage, if any, and balance payment terms]
3. DELIVERY TERMS
- Delivery date: [Specify delivery schedule]
- Delivery location: [Specify address or port of delivery]
- Incoterms: [FOB, CIF, EXW, etc.]
- Risk transfer: The risk shall transfer from the Seller to the Buyer upon [specify conditions, e.g.,
upon loading, upon arrival, etc.]
4. INSPECTION AND QUALITY CONTROL
- The Buyer or an appointed representative may inspect the rice before shipment.
- Any quality issues must be reported within [specify timeframe] upon receipt.
5. WARRANTY AND LIABILITY
- The Seller warrants that the rice meets the agreed specifications.
- The Seller shall not be liable for any damages beyond the value of the goods sold.
6. FORCE MAJEURE
- Neither party shall be held liable for any failure or delay in performance caused by circumstances
beyond their control, including natural disasters, war, strikes, or government restrictions.
7. DISPUTE RESOLUTION
- Any disputes arising under this contract shall be settled through negotiation. If unresolved,
disputes shall be referred to arbitration under the rules of [Specify Arbitration Body] in [Specify
Location].
8. GOVERNING LAW
- This Contract shall be governed by and construed under the laws of [Specify Country or State].
9. TERMINATION
- Either party may terminate this Contract in case of a material breach by the other party, with
written notice.
10. ENTIRE AGREEMENT
- This Contract constitutes the entire agreement between the parties and supersedes any prior
agreements, whether written or verbal.
SIGNATURES:
SELLER:
Signature: _______________________
Name: ___________________________
Title: ___________________________
Date: ___________________________
BUYER:
Signature: _______________________
Name: ___________________________
Title: ___________________________
Date: ___________________________