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International Consignment Stock Supply Agreement

International Consignment Stock Supply Agreement

R2,500.00

This is a very detailed international trade agreement that may be used for the supply of goods by one party (“the Supplier“) to another (“the Purchaser“) outside the borders of the Republic of South Africa. It is intended for use by large corporates that fall outside the ambit of the NCA. The Purchaser is an overseas entity, whereas the Supplier is a South African entity. This agreement has robust protective security measures for the Supplier if the transaction goes awry for any reason. The Purchaser is also distributor of the Supplier’s goods in the overseas territory and market makes for the Supplier. This agreement is effectively a SALE AND DISTRIBUTION AGREEMENT.

This agreement is intended solely for use by seasoned legal practitioners. It is drafted in favour of the Supplier however, with minimal effort, a seasoned legal practitioner can make all rights and obligations reciprocally applicable, or in favour of the Purchaser, as the case may be. Certain regulatory approval (Reserve Bank, Competition authorities etc.) may be required.

Product Description

EXPLANATORY NOTES FOR AN INTERNATIONAL CONSIGNMENT STOCK SUPPLY AGREEMENT WHERE THE SUPPLY OF GOODS TAKES PLACE OUTSIDE THE REPUBLIC OF SOUTH AFRICA

This is a very detailed international trade agreement that may be used for the supply of goods by one party (“the Supplier“) to another (“the Purchaser“) outside the borders of the Republic of South Africa. It is intended for use by large corporates that fall outside the ambit of the NCA. The Purchaser is an overseas entity, whereas the Supplier is a South African entity. This agreement has robust protective security measures for the Supplier if the transaction goes awry for any reason. The Purchaser is also distributor of the Supplier’s goods in the overseas territory and market makes for the Supplier.

This agreement is intended solely for use by seasoned legal practitioners. It is drafted in favour of the Supplier however, with minimal effort, a seasoned legal practitioner can make all rights and obligations reciprocally applicable, or in favour of the Purchaser, as the case may be. Certain regulatory approval (Reserve Bank, Competition authorities etc. may be required)

This INTERNATIONAL CONSIGNMENT STOCK SUPPLY agreement:

  • is legally substantive (28 pages in total); please feel free to look at the explanatory notes below and compare the substance of this agreement to others for sale elsewhere;
  • is bordered;
  • has pages numbered;
  • is fully justified;
  • is typed up using Tahoma font, size 10;
  • has been meticulously spell-checked;
  • is extremely professional in its appearance;
  • has several drafting notes therein to guide a legal practitioner;
  • may be printed onto 28 A4 pages. (In the interests of the environment, it is suggested that the agreement rather be printed back to back on 14 pages.).

This INTERNATIONAL CONSIGNMENT STOCK SUPPLY agreement contains the following clauses:

  1. PARTIES
  2. DEFINITIONS AND INTERPRETATION
  3. RECORDAL
  4. SUSPENSIVE CONDITIONS (deals with inter alia confidentiality, payment gurantees and credit guarantee insurance)
  5. APPOINTMENT AS DISTRIBUTOR OF GOODS
  6. SUB-DISTRIBUTORS
  7. GOOD FAITH
  8. DURATION
  9. FORECASTS
  10. DELIVERY, OWNERSHIP AND RISK
  11. PRICE AND PRICE ADJUSTMENTS
  12. PURCHASE ORDER AND PURCHASE PRICE
  13. PRODUCTS’ DELIVERY
  14. INVOICING AND PAYMENT
  15. OPTION TO REPURCHASE GOODS
  16. SUPPLIER’S OBLIGATIONS
  17. QUALITY CONTROL
  18. RIGHTS AND DUTIES OF THE PURCHASER
  19. PURCHASER WARRANTIES AND UNDERTAKINGS
  20. LIENS
  21. DELIVERY OF GOODS
  22. SUPPLIER’S WARRANTY
  23. FORCE MAJEURE AND EXCUSABLE DELAY
  24. PURCHASER’S INDEMNITY, INSURANCE AND SUPPLIER’S LIABILITY LIMIT
  25. INTELLECTUAL PROPERTY
  26. INFRINGEMENT OF PATENTS, TRADE MARKS AND COPYRIGHTS
  27. INFORMATION
  28. TERMINATION
  29. BREACH
  30. GOVERNING LAW AND JURISDICTION
  31. DISPUTE RESOLUTION
  32. CESSION AND ASSIGNMENT
  33. SEVERABILITY
  34. TRADE TERMS
  35. APPLICABLE LAW
  36. CURRENCY
  37. DOMICILIUM AND NOTICES
  38. ENTIRE AGREEMENT
  39. AMENDMENT OF AGREEMENT
  40. WAIVER OF BREACH
  41. SUCCESSORS AND ASSIGNS
  42. COUNTERPARTS
  43. STIPULATIO ALTERI

APPENDIX 1: PRODUCTS’ SPECIFICATIONS

APPENDIX 2: SAMPLE PURCHASE ORDER

APPENDIX 3: PRODUCTS’ PURCHASE PRICES

APPENDIX 4: FORM OF CONFIDENTIALITY UNDERTAKING

APPENDIX 5: PRICE ADJUSTMENT GUIDELINES

Please read carefully through the agreement and fill in all missing details; in preparing a signature document, please have regard to all the notes we have placed hereon to assist you with the conclusion of a professional, legally binding agreement.

We appreciate any constructive feedback concerning this agreement; such can be emailed to info@sitllegal.co.za.