Electrical Insulation Tape Template

Electrical Insulation Tape Agreement

This Electrical Insulation Tape Agreement (the Agreement) is entered into as of Effective Date: by and between Supplier Name: , a Entity Type: Corporation LLC Other with Address: (Supplier), and Buyer Name: , a Entity Type: Corporation LLC Other with Address: (Buyer). Supplier and Buyer are each a Party and together the Parties.

RECITALS

WHEREAS, Supplier manufactures and supplies electrical insulation tape products suitable for electrical and industrial use, including but not limited to vinyl, rubber, and high-temperature tapes meeting specified dielectric and thermal performance; and

WHEREAS, Buyer desires to purchase and Supplier desires to sell electrical insulation tape under the terms and conditions set forth in this Agreement; and

WHEREAS, the Parties desire to establish the scope, specifications, delivery, payment, confidentiality, and other terms applicable to the sale of such products.

SCOPE OF WORK

PRODUCT SPECIFICATIONS

DELIVERY

PAYMENT TERMS

Total Contract Price: . Payment Schedule: Deposit due upon Order Confirmation; Balance due within days of Delivery.

Late Payment: Any undisputed amounts not paid when due shall accrue interest at the rate of (or the maximum rate permitted by law, whichever is lower), plus all collection costs and attorneys' fees reasonably incurred to collect such amounts.

TERM AND TERMINATION

Term: This Agreement commences on Start Date: and, unless earlier terminated in accordance with this Section, shall continue until End Date: .

Either Party may terminate this Agreement for material breach if the breaching Party fails to cure such breach within days after written notice. Either Party may terminate for convenience upon days' prior written notice to the other Party. Termination shall not relieve Buyer of its obligation to pay for Goods delivered or Services performed prior to the effective date of termination.

CONFIDENTIALITY

Each Party (Receiving Party) shall keep in strict confidence all non-public information disclosed by the other Party (Disclosing Party) that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure (Confidential Information). The Receiving Party shall not use Confidential Information for any purpose other than the performance of this Agreement and shall not disclose Confidential Information to any third party except to employees, agents, or subcontractors who have a need to know and who are bound by confidentiality obligations at least as protective as those herein. Confidential Information does not include information that is (a) already known to the Receiving Party without obligation of confidentiality, (b) publicly known through no fault of the Receiving Party, (c) rightfully received from a third party without confidentiality obligations, or (d) independently developed without use of the Disclosing Party's Confidential Information. On termination of this Agreement, Receiving Party shall promptly return or destroy Disclosing Party's Confidential Information at Disclosing Party's direction.

WARRANTIES AND LIMITATIONS

Supplier warrants that, for a period of from delivery, the Goods will conform to the Specifications and will be free from material defects in material and workmanship. The sole and exclusive remedy for breach of the foregoing warranty shall be, at Supplier's option, repair or replacement of nonconforming Goods or refund of the purchase price for such Goods. EXCEPT FOR THE EXPRESS WARRANTY SET FORTH ABOVE, SUPPLIER DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

INDEMNIFICATION

Each Party shall defend, indemnify, and hold harmless the other Party from and against any third-party claims, losses, liabilities, damages and expenses (including reasonable attorneys' fees) arising out of the indemnifying Party's gross negligence or willful misconduct in the performance of its obligations hereunder, except to the extent such claims arise from the negligence or willful misconduct of the other Party.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to conflicts of law principles. Exclusive venue for any dispute arising under this Agreement shall be the state or federal courts located within such state, and each Party hereby consents to personal jurisdiction therein.

ENTIRE AGREEMENT

This Agreement, together with any Purchase Orders, Specifications, and attachments expressly incorporated herein, constitutes the entire agreement between the Parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, proposals, and communications, whether written or oral. No modification, waiver, or amendment of any provision of this Agreement shall be effective unless in writing and signed by authorized representatives of both Parties.

NOTICES

ADDITIONAL TERMS

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