x You are participating in international exchange transactions, buying and selling international goods and wanting to learn about related contracts like Sales Contract?
x You want to know how important Sales Contract plays in import and export activities? What is the content in Sales Contract?
X You need to find out before signing a foreign trade contract contract, what are the parties involved in?
If you want to know what Contract Sales is, let's with Proship.vn we update the content of the most complete knowledge sharing of the contract contract to help international goods trading transactions take place smoothly, smoothly, quickly and valid, minimize all unnecessary disputes.
What is Sales Contract and what role in the import and export?
What is Sales Contract and how important in import and export activities will be answered through the following content:
What is Sales Contract?
Sales Contract in international trade activities, also known as international trading contracts, foreign trade sales contracts, import -export contracts.
Sales Contract is an agreement (contract) written between buyers and sellers in two different countries about the sale of goods (Foreign Trade). Through signing, the seller (export) is responsible for transporting goods or ownership of goods to buyers (import).
The main nature of the Sales Contract is the exchange of goods between the two parties when they agree with each other. The main object in the contract is the goods and assets exchanged.
The role of Sales Contract in import and export
International purchase contract acts as a legal document, ensuring transparency and fairness in the transaction. Specifically:
- Is the dispute resolution basis:
When disputes, conflicts or contract violations, sales contracts are important legal bases for settlement.
- Ensuring the benefits of the parties:
Foreign trade contracts clearly stated the terms related to the rights, responsibilities and costs of both parties. The two parties signing a contract helps ensure all terms are uniform and compliance.
- Determine the payment base:
The contract specifies the amount, payment method and payment term, making it easier to check and make payment.
Conditions to meet the validity of Sales Contract
What is the need to meet the validity of Sales Contract? When signing a contract contract, the contract needs to meet the conditions prescribed by the validity of this international contract. Specifically:
- When the two sides are capable of being responsible for acts of trading before the law. Business parties must have a business license, business registration in accordance with the law;
- Sales Contract must have sufficient content in accordance with the law. The contents must be included in the contract such as: name name, quantity, product price, product quality, delivery location, payment method, ...;
- Goods in the contract must be circulating items. Enterprises who want to import goods need to have business registration and papers related to the origin of goods and papers imported from the Customs Department;
- Sales Contract must make a clear text, there is a signing between the two partners, ensuring the legal effect of the contract.
Content needed on contract contracts
What is the content needed in Foreign Trade Contract contract? A complete purchase contract needs the following basic parts:
The first part of the contract contract
The first part of the contract includes the following contents:
- Contract title: "Contract" or "Sale Contract";
- Number and contract symbol: Example: TPV/VNT-2024;
- Signing time: specify the date, month and year of signing the contract;
- Information buyer and seller: including name, address, contact information, representative, bank account, ...
The main content of Contract Sales Contract
The main content of the contract includes:
- Commodity information: name name, quality description, quantity and unit price.
- Delivery method: Harse port, loading port, time and form of delivery.
- Packaging form: Packaging, packaging, trademark agreement.
- Payment method: Transfer (TT) or mail credit (L/C).
- Terms of warranty, complaint and force majeure: handling when goods are not of quality or unforeseen incidents.
- Required vouchers: invoices, packaging cards, certificates of origin, ...
The end of the contract contract
The end of the contract includes the following contents:
- The number of contracts: stipulates the number of signed and the holder;
- Contract language: Language used in contracts (English);
- Signature on both sides: Ensuring the legal validity of the contract.
Should read: Get good cold container transportation
Steps to prepare when signing foreign trade contract contracts
Before signing a contract of Foreign Trade Sales Contract, the buyer needs to comply with the process:
Step 1 - Know the information about the contract partner
Before signing foreign trade contracts, businesses need to clearly define the contract partners to reduce risks in transactions. This includes learning about the history of establishing companies, business fields, websites, offices.
In addition, the organization of direct or online meetings and visiting the factory along with the implementation of partners' financial capacity assessment by third party is all necessary.
Step 2 - Consider related legal factors
Foreign trade contracts are a legal basis to resolve any dispute between the buying and selling parties. Therefore, the use of laws to draft foreign trade contracts is very important.
It is necessary to clearly identify whether there is a national law or international trade practices and must specify this in the contract.
Step 3 - Choose the right type of foreign trade contract
Before making a contract, it is necessary to determine the appropriate type of contract such as long -term, short -term contracts, consulting, processing, technology transfer, etc. This helps ensure that the contract will reflect the intentions and goals of the sellers.
Step 4 - Decide the contractor
In important contracts, it is very important to decide who to proactively make a very important contract. Typically, this is assigned to the party who wants to gain the initiative so that they can express their desires in the contract.
Proship Logistics we answered what the Sales Contract is and how important is it, what the main content of the foreign trade contract includes. If this article is useful, please share with us. And contact 0909 344 247 for answers to all questions about all types of transportation services, transport contracts, bill of lading, documents, ... in the process of import and export of goods.
