If you`re in the business of selling goods, a wholesale agreement template can be an invaluable tool to protect your interests. A wholesale agreement is a legal document that outlines the terms and conditions of a transaction between a wholesaler and a retailer. In Australia, wholesale agreements are governed by the Competition and Consumer Act 2010 (Cth).
A wholesale agreement template can help you set clear expectations and ensure that all parties involved understand what`s expected of them. It can also help you avoid any misunderstandings or disputes that may arise during the course of the transaction.
Here are some key elements to include in your wholesale agreement template:
1. Parties involved: Clearly state the names of the wholesaler and retailer, along with their business addresses and contact information.
2. Product details: Describe the products being sold, including any relevant product codes or SKUs.
3. Price and payment terms: Outline how the pricing for the products will be determined, and when payment is due. This may include payment terms, such as a net 30 or net 60 arrangement.
4. Delivery and shipping: Describe how the products will be delivered and who will be responsible for shipping costs. Include any specific requirements for delivery, such as a delivery window or delivery location.
5. Returns and refunds: Outline the process for handling returns and refunds, including any limitations or restrictions.
6. Intellectual property: If applicable, include a section regarding intellectual property rights, such as trademarks, patents, or copyrights.
7. Termination: Include a section outlining the circumstances under which either party may terminate the agreement.
While a wholesale agreement template can be a helpful starting point, it`s important to tailor it to your specific business needs and consult with a lawyer if necessary. By having a well-drafted wholesale agreement in place, you can protect your business interests and ensure a smoother transaction process.