A wholesale agreement is a contract between the supplier and customer that sets out the rights and obligations of the business relationship. Typically, one party supplies wholesale goods to the other.
A wholesaler in the travel industry is a company that buys travel products and services in bulk from suppliers such as airlines or hotels at discounted rates. These products can include hotel rooms, airline tickets, rental cars, and activities like tours and excursions.
Wholesale is the activity of buying and selling goods in large quantities and therefore at cheaper prices, usually to shopkeepers who then sell them to the public.
Prepare a contract Provide details of the parties. Describe services or results. Set out payment details. Assign intellectual property rights. Explain how to treat confidential information. Identify who is liable – indemnity. Provide insurance obligations. Outline any subcontracting agreements.
How do you write a contract for sale? Title the document appropriately. List all parties involved in the agreement. Detail the product or service, including all rights, warranties, and limitations. Specify the duration of the contract and any important deadlines.
Elements of a sales agreement Buyer and seller names and contact information. Description of goods, services, or property being purchased. Payment amount, dates, and method. Liability of each party in the case of loss, damage, or delivery failure. Ownership information, such as when ownership formally transfers to the buyer.
For example, a wholesaler finds a motivated homeowner and gets a distressed property under contract for $200,000. Then, they market the property to their buyers list. A flipper sees potential and agrees to buy the home for $210,000.