Document background
The Buyer And Seller Agreement Contract is a fundamental commercial document used in the Philippines to formalize transactions between parties engaged in the sale and purchase of goods or services. This document is essential for both business-to-business (B2B) and business-to-consumer (B2C) transactions, providing a legally binding framework that complies with Philippine commercial law, particularly the Civil Code of the Philippines and the Consumer Act. The agreement should be used whenever there is a significant sale transaction that requires formal documentation of terms, conditions, and obligations of both parties. It typically includes detailed provisions on product specifications, pricing, delivery terms, warranties, risk allocation, and dispute resolution mechanisms, all tailored to meet Philippine legal requirements and business practices. The document is particularly important for protecting both parties' interests and ensuring clarity in commercial relationships within the Philippine jurisdiction.
