The Wholesale Purchase And Sale Agreement is a fundamental commercial document used in Australian business transactions where one party agrees to supply goods in bulk or wholesale quantities to another party for commercial purposes. This agreement is particularly relevant for businesses engaged in regular, large-scale trading relationships and requires careful consideration of Australian commercial law, including the Competition and Consumer Act 2010, relevant state legislation, and industry-specific regulations. The document typically includes detailed provisions for pricing mechanisms, quality standards, delivery schedules, minimum purchase commitments, and risk allocation. It's designed to provide clarity and certainty in B2B relationships while ensuring compliance with Australian legal requirements and commercial practices.
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1. Parties: Identification of the seller and buyer, including ABN/ACN and registered addresses
2. Background: Context of the agreement, including the seller's business, buyer's business, and purpose of the arrangement
3. Definitions and Interpretation: Defined terms, interpretation rules, and hierarchy of documents
4. Term and Renewal: Duration of the agreement, renewal options, and termination dates
5. Supply Obligations: Core obligations regarding the supply and purchase of products
6. Ordering Process: Procedures for placing and accepting orders, lead times, and order modifications
7. Price and Payment: Pricing structure, payment terms, invoicing requirements, and GST provisions
8. Delivery and Risk: Delivery terms, risk transfer, acceptance procedures, and Incoterms if applicable
9. Quality and Specifications: Product specifications, quality standards, and compliance requirements
10. Warranties: Product warranties, fitness for purpose, and compliance with laws
11. Title and Risk: Transfer of title, retention of title provisions, and risk allocation
12. Compliance with Laws: Obligations to comply with relevant laws, licenses, and permits
13. Intellectual Property: IP ownership, licenses, and protection of proprietary information
14. Confidentiality: Protection of confidential information and trade secrets
15. Liability and Indemnity: Limitation of liability, indemnities, and insurance requirements
16. Termination: Termination rights, consequences, and post-termination obligations
17. Dispute Resolution: Process for resolving disputes, governing law, and jurisdiction
18. General Provisions: Standard boilerplate clauses including notices, assignment, and variation
1. Minimum Purchase Commitments: Used when buyer commits to minimum purchase volumes or values
2. Exclusivity: Include when there are exclusive supply or territory arrangements
3. Performance Metrics: When specific KPIs or service levels are required
4. Marketing and Promotion: Include for arrangements involving marketing obligations or restrictions
5. Storage and Warehousing: When specific storage or warehousing requirements apply
6. Insurance: Detailed insurance requirements beyond standard coverage
7. Import/Export: For international trade aspects and compliance
8. Force Majeure: Detailed force majeure provisions for high-risk or critical supply arrangements
9. Anti-corruption: For international trade or high-risk industries
10. Data Protection: When personal or sensitive data is involved in the transaction
1. Schedule 1 - Products and Pricing: Detailed list of products, specifications, and pricing structure
2. Schedule 2 - Service Levels: Delivery timeframes, quality metrics, and performance standards
3. Schedule 3 - Ordering Procedure: Detailed ordering process, forms, and systems
4. Schedule 4 - Quality Standards: Detailed quality requirements, testing procedures, and acceptance criteria
5. Schedule 5 - Territories: Defined geographical areas for supply or resale
6. Schedule 6 - Approved Sub-contractors: List of approved sub-contractors or suppliers
7. Schedule 7 - Form of Purchase Order: Standard form purchase order template
8. Appendix A - Technical Specifications: Detailed technical specifications for products
9. Appendix B - Compliance Requirements: Specific regulatory or industry compliance requirements
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