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Simple Buyer Seller Agreement Template for Philippines

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Key Requirements PROMPT example:

Simple Buyer Seller Agreement

"I need a Simple Buyer Seller Agreement for my Manila-based electronics retail store to purchase 500 smartphones from a wholesale supplier, with delivery expected by March 2025 and payment in three installments."

Document background
The Simple Buyer Seller Agreement is a fundamental legal document designed for use in the Philippine jurisdiction, essential for formalizing basic sales transactions between parties. This document is particularly valuable when parties need to document the terms of a straightforward sale of goods or services, whether for one-time or recurring transactions. It incorporates key requirements under Philippine law, including the Civil Code provisions on sales and obligations, while remaining accessible for everyday commercial use. The agreement is structured to protect both buyers' and sellers' interests by clearly defining the terms of sale, payment conditions, delivery requirements, and warranty provisions. It's especially useful for small to medium-sized businesses, individual entrepreneurs, and corporate entities engaged in routine commercial transactions within the Philippines.
Suggested Sections

1. Parties: Identifies and provides full details of the Buyer and Seller, including their legal names, addresses, and business registration details if applicable

2. Background: Brief context of the transaction and relationship between the parties

3. Definitions: Defines key terms used throughout the agreement

4. Sale and Purchase: Core transaction terms including clear description of goods/services being sold and purchased

5. Price and Payment: Purchase price, payment terms, method of payment, and payment schedule if applicable

6. Delivery: Delivery terms, timing, location, and transfer of risk

7. Title and Risk: When and how legal ownership transfers from Seller to Buyer

8. Warranties: Standard warranties regarding the goods/services and authority to enter into the agreement

9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

10. Governing Law: Specifies Philippine law as governing law and jurisdiction

11. Entire Agreement: Standard boilerplate confirming this document represents the complete agreement between parties

Optional Sections

1. Quality Standards: Detailed quality specifications when selling specialized or technical products

2. Inspection Rights: Buyer's rights to inspect goods before acceptance, recommended for bulk or manufacturing goods

3. Intellectual Property: Include when the sale involves licensed products or branded goods

4. Confidentiality: Required when transaction involves sharing of sensitive business information

5. Insurance: Include for high-value goods or when specific insurance requirements exist

6. Force Majeure: Recommended for longer-term supply arrangements or when delivery timing is critical

7. Dispute Resolution: Optional detailed dispute resolution process, including potential mediation steps

Suggested Schedules

1. Schedule 1 - Product Specifications: Detailed technical specifications of the goods being sold

2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, especially if multiple products or pricing tiers exist

3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and locations if multiple deliveries are involved

4. Appendix A - Quality Standards: Reference to specific quality standards or certifications required

5. Appendix B - Return Policy: Detailed procedures for handling returns or rejected goods

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























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Relevant Industries

Retail

Wholesale

Manufacturing

E-commerce

Consumer Goods

Electronics

Food and Beverage

Textiles

Automotive

Construction Materials

Office Supplies

Industrial Equipment

Agricultural Products

Relevant Teams

Legal

Procurement

Sales

Operations

Supply Chain

Administration

Commercial

Contracts

Business Development

Finance

Relevant Roles

Procurement Manager

Sales Manager

Business Owner

Operations Director

Purchasing Officer

Contract Administrator

Legal Counsel

Commercial Manager

Supply Chain Manager

Small Business Owner

Retail Manager

General Manager

Business Development Manager

Administrative Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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