Arizona Contract for the International Sale of Goods with Purchase Money Security Interest

• Category: Contracts - Buy Sell - Agreements
• State: Multi-State
• Control #: US-04415BG
• Format: Word; Rich Text

Description

The CISG governs international sales contracts if (1) both parties are located in Contracting States, or (2) private international law leads to the application of the law of a Contracting State (although, as permitted by the CISG (article 95), several Contracting States have declared that they are not bound by the latter ground). The autonomy of the parties to international sales contracts is a fundamental theme of the Convention: the parties can, by agreement, derogate from virtually any CISG rule, or can exclude the applicability of the CISG entirely in favor of other law. When the Convention applies, it does not govern every issue that can arise from an international sales contract: for example, issues concerning the validity of the contract or the effect of the contract on the property in (ownership of) the goods sold are, as expressly provided in the CISG, beyond the scope of the Convention, and are left to the law applicable by virtue of the rules of private international law (Article 4). Questions concerning matters governed by the Convention but that are not expressly addressed therein are to be settled in conformity with the general principles of the CISG or, in the absence of such principles, by reference to the law applicable under the rules of private international law.

The Arizona Contract for the International Sale of Goods with Purchase Money Security Interest is a legally binding agreement specifically designed to facilitate the purchase and sale of goods between parties located in Arizona, with a focus on providing security for the seller in case of default by the buyer. This contract is governed by the Uniform Commercial Code (UCC) adopted by the state of Arizona. Under this contract, the seller retains a security interest in the goods sold until the buyer pays in full, thereby offering additional protection and certainty for the seller's investment. The contract outlines the rights and responsibilities of both parties involved in the transaction, ensuring clarity and minimizing potential disputes. The Arizona Contract for the International Sale of Goods with Purchase Money Security Interest recognizes the importance of international trade and commerce, allowing parties from different countries to engage in transactions while adhering to Arizona's legal framework. It takes into account the principles of the United Nations Convention on Contracts for the International Sale of Goods (CSG), which aims to standardize and harmonize international trade laws. Different types of Arizona Contracts for the International Sale of Goods with Purchase Money Security Interest may include variations based on the specific nature of the goods being sold. For instance, contracts may differentiate between the sale of tangible goods, such as machinery or equipment, and the sale of intangible goods, such as software licenses or intellectual property rights. Additionally, the parties involved may agree upon specific terms and conditions unique to their industry or trade. Keywords relevant to this topic: Arizona, Contract, International Sale of Goods, Purchase Money Security Interest, Uniform Commercial Code (UCC), seller, buyer, security interest, default, investment protection, rights and responsibilities, transaction, disputes, international trade, commerce, legal framework, United Nations Convention on Contracts for the International Sale of Goods (CSG), standardize, harmonize, tangible goods, intangible goods, software licenses, intellectual property rights.