Oregon 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 Oregon Contract for the International Sale of Goods with Purchase Money Security Interest (PSI) is a legal agreement that governs the sale of goods between buyers and sellers involved in international transactions in Oregon. This contract is specific to the sale of goods and includes provisions related to the creation and enforcement of a PSI. A Purchase Money Security Interest refers to a type of security interest that allows a seller to retain an interest in the goods sold until the buyer has paid the full purchase price. The purpose of a PSI is to provide additional security to the seller in case the buyer fails to make the required payments. The Oregon Contract for the International Sale of Goods with PSI includes several important components to ensure a comprehensive and secure agreement between the parties involved. These components often vary based on the specific requirements of each transaction, but some common elements include: 1. Identifying Information: This section includes details about both the buyer and seller involved in the transaction, such as their names, addresses, contact information, and any additional identifiers required. 2. Goods Description: This section outlines the goods being sold, including their specific characteristics, quantity, quality, and any other attributes that may be relevant to the transaction. 3. Purchase Price: This section defines the total purchase price agreed upon by the parties, including any applicable taxes, tariffs, and other fees. It may also include provisions for installment payments or other arrangements. 4. Purchase Money Security Interest: This section outlines the terms and conditions related to the creation and enforcement of the PSI by the seller. It specifies the rights and obligations of both parties and may include details on how the PSI will be perfected or registered to ensure its enforceability. 5. Delivery and Inspection: This section covers the procedures for delivering the goods from the seller to the buyer, including any necessary inspections or acceptance procedures. It may also specify the risk of loss or damage during transportation. 6. Warranties and Disclaimers: This section clarifies the warranties provided by the seller regarding the goods being sold and any limitations or disclaimers associated with these warranties. It may also include provisions for remedies in case of non-conforming goods. 7. Governing Law and Jurisdiction: This section specifies that the contract is governed by the laws of Oregon and determines the jurisdiction for resolving any disputes arising from the contract. Different types of Oregon Contracts for the International Sale of Goods with PSI may exist, depending on the specific nature of the transaction or industry involved. For example, there might be different contracts for the sale of agricultural products, manufactured goods, or technological equipment. Each contract will have unique provisions tailored to the specific goods and industry being addressed.

The Oregon Contract for the International Sale of Goods with Purchase Money Security Interest (PSI) is a legal agreement that governs the sale of goods between buyers and sellers involved in international transactions in Oregon. This contract is specific to the sale of goods and includes provisions related to the creation and enforcement of a PSI. A Purchase Money Security Interest refers to a type of security interest that allows a seller to retain an interest in the goods sold until the buyer has paid the full purchase price. The purpose of a PSI is to provide additional security to the seller in case the buyer fails to make the required payments. The Oregon Contract for the International Sale of Goods with PSI includes several important components to ensure a comprehensive and secure agreement between the parties involved. These components often vary based on the specific requirements of each transaction, but some common elements include: 1. Identifying Information: This section includes details about both the buyer and seller involved in the transaction, such as their names, addresses, contact information, and any additional identifiers required. 2. Goods Description: This section outlines the goods being sold, including their specific characteristics, quantity, quality, and any other attributes that may be relevant to the transaction. 3. Purchase Price: This section defines the total purchase price agreed upon by the parties, including any applicable taxes, tariffs, and other fees. It may also include provisions for installment payments or other arrangements. 4. Purchase Money Security Interest: This section outlines the terms and conditions related to the creation and enforcement of the PSI by the seller. It specifies the rights and obligations of both parties and may include details on how the PSI will be perfected or registered to ensure its enforceability. 5. Delivery and Inspection: This section covers the procedures for delivering the goods from the seller to the buyer, including any necessary inspections or acceptance procedures. It may also specify the risk of loss or damage during transportation. 6. Warranties and Disclaimers: This section clarifies the warranties provided by the seller regarding the goods being sold and any limitations or disclaimers associated with these warranties. It may also include provisions for remedies in case of non-conforming goods. 7. Governing Law and Jurisdiction: This section specifies that the contract is governed by the laws of Oregon and determines the jurisdiction for resolving any disputes arising from the contract. Different types of Oregon Contracts for the International Sale of Goods with PSI may exist, depending on the specific nature of the transaction or industry involved. For example, there might be different contracts for the sale of agricultural products, manufactured goods, or technological equipment. Each contract will have unique provisions tailored to the specific goods and industry being addressed.