How To Draw Up A Contract For The Sale Of Equipment Is Best.

The company (hereinafter referred to as the buyer)

The company (hereinafter referred to as the seller) has, through friendly negotiation, made the following clauses:

The first definition

The "acceptance manual" refers to a document provided by the seller and confirmed by both parties for the inspection equipment to meet the technical specifications and the specified data standards.

"Specified data" refers to the drawings, data and other information necessary for the implementation of this agreement related to this system.

"Defects or defects" refers to the equipment (structure or performance) that does not meet the relevant requirements of the acceptance manual.

"Spot acceptance" means the final acceptance of the equipment installed by the seller in accordance with the acceptance manual.

"Technical specification" means schedule A of this agreement.

Second sales subjects

The seller is willing to sell and the buyer is willing to purchase the following equipment:

Equipment technical requirements

The performance of the equipment must comply with the specified performance, meet the specifications of technical specifications and data, and submit all applicable, necessary drawings, data and other technical information.

The Seller shall prepare and submit to the buyer 2 copies of the draft acceptance manual before September 2002.

The buyer will consider and approve the acceptance manual within days.

The provisions of this Agreement shall be inconsistent with the provisions of the annex, subject to the provisions of this agreement.

If the inspection manual is inconsistent with the technical specification or the specified data, the technical specification and the specified data shall prevail.

Third prices

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Fourth payments

After receiving the invoice from the seller, the buyer must pay the seller the following time limit:

4.1 after signing the contract, the deposit will be paid 30% of the total price.

4.2 the buyer will pay 60% of the total price after delivery of the equipment and installation and commissioning.

4.3 the sum of the total retained price is 10%.

Payment within twelfth months after commissioning.

Fifth delivery and

The Seller shall complete the installation and commissioning of the equipment before November 25, 2002 and complete the inspection stipulated in the acceptance manual; at the same time, the seller must sign the equipment acceptance certificate to prove that the inspection has been completed.

The acceptance documents should be marked with the defects that both parties agree and should be corrected by the seller within the time agreed between the parties.

Site acceptance should take place in November 26, 2002.

Sixth article

Any changes to the main contents or schedules of this contract shall be made in writing from the date of entry into force of the contract. Details shall be made about the effect of the change on the specifications, price, performance, design, acceptance date, replacement performance of the delivered or ready to deliver spare parts, and other important items of this contract, and shall be signed by both parties.

In order to repair defects or improve equipment, the seller can make minor changes or corrections to the technical specifications, provided that such changes do not seriously affect the total purchase price, functional characteristics, performance and replacement performance of spare parts.

Seventh guarantees

The Seller guarantees that the equipment will not meet the technical specifications due to defects in the equipment and materials, as well as imperfect design.

If the equipment and parts fail from the date of acceptance, if the seller fails within 1 years, the Seller shall be responsible for the replacement or repair within 7 days after receiving the notice of the new company, and the expenses incurred therefrom shall be borne by the seller.

If the seller fails to fulfil the above warranty, he shall bear all losses caused by the buyer.

Eighth others

This contract is a complete agreement between the parties hereto. All statements, negotiations, letters, commitments, agreements, consultations and contracts made by the parties or their agents before the agreement are applicable to or in connection with any matter or thing involved in the agreement, whether written or oral.

Seller

Buyer