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 Mississippi Agreement for the International Sale of Goods with a United States Seller is a legal document that governs the terms and conditions of international sales between a seller based in the United States and a buyer located in another country. This agreement is based on the United Nations Convention on Contracts for the International Sale of Goods (CSG) and is specific to the state of Mississippi. The Mississippi Agreement for the International Sale of Goods with a United States Seller ensures that both parties involved in the transaction have a clear understanding of their rights, obligations, and liabilities. It establishes a framework for conducting international sales in a fair and lawful manner, taking into account the specific laws and regulations of Mississippi. Key elements of the Mississippi Agreement for the International Sale of Goods with a United States Seller include: 1. Jurisdiction: This agreement clarifies that any disputes arising from the international sale will be subject to the jurisdiction of the courts in Mississippi. It provides a legal framework for resolving conflicts between the parties involved. 2. Applicable law: The agreement specifies that the governing law for the transaction is the Uniform Commercial Code (UCC) of Mississippi, as well as the provisions of the CSG. These laws outline the rights and responsibilities of both the seller and the buyer. 3. Terms and conditions: The agreement outlines the specific terms and conditions of the sale, such as the description of the goods, quantity, price, delivery terms, payment methods, and any additional obligations of both parties involved. 4. Title and risk of loss: It clarifies the moment at which the title and risk of loss transfer from the seller to the buyer. This ensures that both parties understand when they assume responsibility for the goods and any potential risks associated with transportation and delivery. 5. Warranties and remedies: The agreement includes provisions regarding warranties, such as fitness for a particular purpose or merchantability. It also outlines the available remedies in case of breach of contract, such as the right to claim damages or seek specific performance. Different types of Mississippi Agreements for the International Sale of Goods with a United States Seller may exist depending on the specific circumstances or industry involved. For example, there might be variations based on the type of goods being sold (e.g., agricultural products, machinery, electronics) or the specific terms and conditions negotiated between the parties (e.g., exclusions, limitations of liability). In summary, the Mississippi Agreement for the International Sale of Goods with a United States Seller is a comprehensive legal document that serves as a framework for international sales transactions in Mississippi. It ensures that both the seller and the buyer have a clear understanding of their rights and obligations, while respecting the laws and regulations applicable in the state.
