Breach of contract on sales of goods can only occur if the sale involves a legally binding purchase contract between a buyer and a seller. Purchase agreements can be absolute or conditional, meaning ...

Exclusion clauses are a common feature of agreements of purchase and sale and other commercial contracts. While often subject to negotiation, parties sometimes proceed with standard form exclusion ...

Notwithstanding the fact that the UN Convention on Contracts for the International Sale of Goods (CISG) has been in existence and United States has been a signatory since the 1980s, as shown by the ...

Pine Valley Enterprises Inc. (“Pine Valley”) was hired to work on a municipal project to remediate flooding. Pine Valley contacted Earthco Soil Mixtures Inc. (“Earthco”), a topsoil provider, to obtain ...

A Cost, Insurance and Freight (CIF) contract is an agreement to sell goods at a price inclusive of the cost of the goods, insurance coverage and freight. Article 141 of the UAE Commercial Transactions ...

Perishing goods affect sales contracts in different ways, depending on at what point the goods become unfit for sale. Generally, whoever owns the goods is responsible for them, meaning parties take on ...

In many businesses, employees often use sales contracts during negotiations with clients. This document outlines the terms and agreements between the client and the company. Knowing how to understand ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The differences in legal systems among the various countries in the world are substantial. However, a uniform law relating to the contracts on international sale of goods is essential for the smooth ...