New Hampshire 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 New Hampshire Contract for the International Sale of Goods with Purchase Money Security Interest is a legally binding agreement that governs the sale and purchase of goods between parties located in different countries. This contract is specifically designed to incorporate provisions related to purchase money security interests (Psis), which are a type of security interest that arises when a seller provides financing to a buyer for the purchase of goods. Keywords: New Hampshire, contract, international sale, goods, purchase money security interest, PSI, legal agreement, buyer, seller, financing, provisions. There are different types of New Hampshire Contracts for the International Sale of Goods with Purchase Money Security Interest, and they can be classified based on their specific provisions and conditions. Some common types are: 1. Standard PSI Contract: This type of contract outlines the terms and conditions of an international sale of goods with a PSI, where the seller provides financing to the buyer for the purchase of goods. It includes provisions related to the amount of financing, repayment terms, and the creation and enforcement of the security interest. 2. Collateral Assignment PSI Contract: This contract variation involves the seller assigning its rights to the purchaser's accounts receivable or other assets as collateral for the financed purchase. It includes provisions related to the assignment process and the rights and obligations of both parties. 3. Floating PSI Contract: In this type of contract, the security interest "floats" over goods that the buyer acquires in the future. It allows the buyer to obtain financing for multiple purchases over a designated period, with the goods acquired serving as collateral for the loan. Provisions in this contract often include details on the limits of financing and the conditions for the release of the security interest. 4. Purchase Money Security Interest Addendum: This variation is used to modify or add provisions to an existing international sale of goods contract to incorporate a PSI. It may include clauses related to the creation and perfection of the security interest, the scope of the collateral, and the rights and obligations of both parties. In summary, the New Hampshire Contract for the International Sale of Goods with Purchase Money Security Interest is a comprehensive legal agreement that facilitates cross-border commerce by incorporating provisions related to purchase money security interests. With different types catering to specific situations, these contracts protect the interests of both buyers and sellers involved in international trade while providing a clear framework for secured transactions.