Winglets Sales Agreement Case Study
Winglets Sales Agreement
This Winglets Sales Agreement (this “Agreement”) dated as of the 23rd day of October, 2016, by and between CAROLINA MANUFACTURING AND DESING, INC. (“Seller”) referred to as Carolina, a small medium-sized corporation and EL – BUBBA (“Buyer”).
WITNESSETH:
WHERAS, Seller is engaged in the business of producing and selling winglets; and
WHERAS, Buyer proposes to purchase these winglets from Carolina for a period of no less than five years with the right to continue to do business in the many years to come.
WHERAS, in accordance with the terms and conditions of this Agreement, Seller is prepared to sell and deliver winglets to Buyer on a Firm Basis (as defined herein), and Buyer is prepared to purchase and receive winglets from Seller for the operation of home improvement project. NOW, THEREFORE, in consideration of the mutual …show more content…
The non-performing party shall exercise all reasonable efforts to continue to perform its obligations under this Agreement and to remedy its inability to perform.
If the non-performing party, in its sole judgment, is prevented directly or indirectly on account of any cause beyond its control, from delivering the Goods at the time specified, then the Seller will have the right to terminate this Agreement by notice in writing to the Buyer if no remedy can be provided. The notice to Buyer will be accompanied by full refund of all sums paid by the Buyer pursuant to this Agreement and vice versa if the Buyer doesn’t perform to its obligations.
Section 1.12
This Winglets Sales Agreement (this “Agreement”) dated as of the 23rd day of October, 2016, by and between CAROLINA MANUFACTURING AND DESING, INC. (“Seller”) referred to as Carolina, a small medium-sized corporation and EL – BUBBA (“Buyer”).
WITNESSETH:
WHERAS, Seller is engaged in the business of producing and selling winglets; and
WHERAS, Buyer proposes to purchase these winglets from Carolina for a period of no less than five years with the right to continue to do business in the many years to come.
WHERAS, in accordance with the terms and conditions of this Agreement, Seller is prepared to sell and deliver winglets to Buyer on a Firm Basis (as defined herein), and Buyer is prepared to purchase and receive winglets from Seller for the operation of home improvement project. NOW, THEREFORE, in consideration of the mutual …show more content…
The non-performing party shall exercise all reasonable efforts to continue to perform its obligations under this Agreement and to remedy its inability to perform.
If the non-performing party, in its sole judgment, is prevented directly or indirectly on account of any cause beyond its control, from delivering the Goods at the time specified, then the Seller will have the right to terminate this Agreement by notice in writing to the Buyer if no remedy can be provided. The notice to Buyer will be accompanied by full refund of all sums paid by the Buyer pursuant to this Agreement and vice versa if the Buyer doesn’t perform to its obligations.
Section 1.12