This form is intended for use in a sale of goods transaction between a seller in the United States and a purchaser in a foreign country. This form is drafted from the seller's perspective and covers the terms and conditions of purchases and sales to be made over an extended period. Section Fifteen includes language regarding the buyer's compliance with applicable laws relating to international transactions.
The United Nations Convention on Contracts for International Sale of Goods (CISG) sets forth uniform rules to govern the formation of international sales contracts and the rights and the obligations of the buyer and seller. This agreement is strongly influenced by Article 2 of the Uniform Commercial Code which has been adopted by the 50 States of the U.S., and deals with sales of goods and the obligations and rights of the buyers and sellers.
The Connecticut Agreement for the International Sale of Goods with a United States Seller is a legal contract that governs the terms and conditions surrounding international trade transactions. This agreement ensures a secure and transparent sale of goods between a seller based in the United States and a buyer located outside the country. Key Components of the Connecticut Agreement for the International Sale of Goods: 1. Jurisdiction: This agreement establishes Connecticut as the jurisdiction under which any disputes or legal matters regarding the sale of goods will be resolved. By specifying the jurisdiction, both parties ensure a fair and predictable legal framework. 2. Applicability: The Connecticut Agreement for the International Sale of Goods applies specifically to international transactions involving the sale of goods. It outlines the rules and regulations that both the buyer and the seller must adhere to during the entire process. 3. Governing Law: This contract typically states that the United Nations Convention on Contracts for the International Sale of Goods (CSG) will be applied. The CSG provides a comprehensive legal framework for international sales contracts, ensuring uniformity and clarity in international trade practices. 4. Offer and Acceptance: The agreement outlines the process through which the seller presents an offer, and the buyer accepts the offer. This stage clarifies the intentions of both parties to engage in a legally binding transaction. 5. Payment Terms: The agreement specifies the agreed-upon payment terms, including the currency, method of payment, and any applicable fees or charges. This ensures both parties are aware of their financial obligations and avoids any misunderstandings regarding payment. 6. Delivery and Risk of Loss: The agreement defines the terms of delivery and transfer of risk from the seller to the buyer. It outlines responsibilities, such as packaging, insurance, and delivery methods, to ensure the goods reach the buyer in the agreed-upon condition. 7. Notice and Communication: The agreement provides clear guidelines for communication between the buyer and the seller. It may outline specific modes of communication, such as email or fax, and sets expectations for timely responses and notification of any changes or issues. Types of Connecticut Agreement for the International Sale of Goods with a United States Seller: 1. Standard Connecticut Agreement for the International Sale of Goods: This is the most common type of agreement that covers general terms and conditions applicable to international sales transactions originating from Connecticut. 2. Customized Connecticut Agreement for the International Sale of Goods: This type of agreement is tailored to specific goods, industries, or unique circumstances. It may include additional clauses or provisions that address specific requirements of the buyer or seller involved. 3. Confidentiality Agreement for the International Sale of Goods: This agreement may be utilized when the buyer and seller want to ensure confidentiality of certain trade secrets, proprietary information, or sensitive data related to the international sale of goods. 4. Exclusive Distribution Agreement for the International Sale of Goods: This agreement is often used when a United States seller appoints a foreign buyer as the exclusive distributor within a specific territory. It outlines the rights and obligations of each party regarding the sale and distribution of goods. In conclusion, the Connecticut Agreement for the International Sale of Goods with a United States Seller is a legal contract that establishes the terms and conditions governing international trade transactions. It ensures a fair and transparent process, providing clarity and protection to both the buyer and seller involved.
