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 North Dakota Agreement for the International Sale of Goods with a United States Seller is a legal contract that governs the sale and purchase of goods between a seller based in the United States and a buyer located outside the United States. This agreement is based on the United Nations Convention on Contracts for the International Sale of Goods (CSG) and specifically tailored to align with the legal framework of North Dakota. This agreement is designed to protect the interests of both the buyer and the seller by outlining the rights and obligations of each party involved in the transaction. It ensures that the international sale of goods between parties is conducted in a fair and transparent manner. The North Dakota Agreement for the International Sale of Goods with a United States Seller includes various provisions that cover important aspects of the sale, including: 1. Identification of the parties: The agreement clearly identifies the seller and the buyer, stating their legal names, addresses, and contact information. 2. Description of the goods: The agreement provides a detailed and accurate description of the goods being sold, including specifications, quantities, quality standards, and any other relevant details. 3. Price and terms of payment: The agreement specifies the agreed-upon price for the goods and outlines the terms of payment, including the currency, method, and timeline. 4. Delivery and transportation: This section covers the terms and conditions for the delivery of the goods, including responsibilities for shipping, insurance, customs clearance, and any applicable Incomers. 5. Inspection and acceptance: The agreement establishes procedures and timelines for the buyer to inspect and accept the goods upon delivery, ensuring they comply with the agreed specifications. 6. Risk of loss: The agreement defines when the risk of loss or damage to the goods passes from the seller to the buyer, taking into account the different stages of the transportation process. 7. Remedies for breach of contract: This section outlines the available remedies for both parties in case of a breach of contract, including provisions for damages, termination of the agreement, and dispute resolution methods. It is important to note that there may be different types of North Dakota Agreements for the International Sale of Goods with a United States Seller, tailored for specific industries or goods. Examples of these agreements may include specific provisions relevant to the sale of agricultural products, machinery, or technology. In conclusion, the North Dakota Agreement for the International Sale of Goods with a United States Seller is a comprehensive legal document that protects the interests of both parties involved in an international sale of goods. It ensures clarity, transparency, and fairness by establishing clear rights and obligations for both the seller and the buyer.
