Electrical Wire Set Template

Electrical Wire Set Template

Parties and Recitals

This General Business Agreement (the "Agreement") is entered into on between Supplier Name: with principal address , and Purchaser Name: with principal address .

WHEREAS, Supplier manufactures and supplies electrical wire sets, assemblies and related components that meet specified technical and safety standards; and

WHEREAS, Purchaser desires to procure from Supplier, and Supplier agrees to manufacture and deliver to Purchaser, electrical wire sets in accordance with the specifications, quantities, schedule, and terms set forth in this Agreement.

WHEREAS, the parties intend for this Agreement to set forth the terms and conditions governing the supply, inspection, payment, delivery, and related obligations for the wire sets.

Scope of Work

Part Number:    Wire Type:

Conductor Material:    Insulation:

Length per set:    Connector Type:

Quantity Required:    Unit Price:    Total Price:

Payment Terms

Contract Amount:    Currency:

Payment Due Days after Invoice:    Late Fee (percent per month): %

Taxes and Duties: Responsibility of .

Term and Termination

Term Commencement Date:    Termination Date/Completion:

Either party may terminate this Agreement for material breach that is not cured within days after written notice. For convenience, either party may terminate upon days' prior written notice.

Inspection, Acceptance and Warranty

Purchaser shall have the right to inspect delivered wire sets within days of receipt. Non-conforming goods may be rejected by written notice and returned at Supplier's expense.

Warranty Period (from delivery): months. Supplier warrants goods to be free from defects in material and workmanship and to conform to the agreed specifications. Supplier's sole obligation for breach of warranty shall be, at Supplier's option, to repair, replace, or refund the purchase price for the defective goods.

Confidentiality

Each party shall keep confidential and shall not disclose to any third party any proprietary or confidential information received from the other party in connection with this Agreement, except as required to perform obligations under this Agreement or as required by law. Confidential information does not include information which (i) is or becomes publicly available without breach, (ii) is already known to the recipient at the time of disclosure, (iii) is independently developed by the recipient, or (iv) is rightfully received from a third party without restriction.

Mutual Confidentiality: Checked indicates parties acknowledge mutual confidentiality obligations.

Intellectual Property and Work Product

All tooling, drawings, jigs, and other work product created specifically for production of Purchaser's wire sets shall be owned by , subject to separate written agreement. Nothing in this Agreement transfers a party's pre-existing intellectual property rights to the other party.

Compliance and Standards

Supplier represents and warrants that all goods delivered under this Agreement will comply with applicable federal, state, and local laws and with the standards set forth in the Compliance Standards field above. Supplier shall provide certificates of conformity or test reports upon Purchaser's reasonable request.

Indemnification and Limitation of Liability

Supplier shall indemnify, defend, and hold Purchaser harmless from any third-party claims arising from Supplier's negligence, willful misconduct, or breach of warranty. Except for breaches of confidentiality, gross negligence, willful misconduct, or indemnification obligations, neither party shall be liable to the other for consequential, incidental, or punitive damages. Aggregate liability of either party for any claim arising under this Agreement shall not exceed the total amount paid by Purchaser to Supplier under the specific purchase giving rise to the claim.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of without regard to conflict of laws principles.

Entire Agreement; Amendments

This Agreement, including any schedules, appendices, and purchase orders expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior negotiations and understandings. Any amendment or modification to this Agreement must be in writing and signed by authorized representatives of both parties.

Miscellaneous Provisions

Notices required under this Agreement shall be in writing and delivered to the contact addresses listed below. Failure to enforce any provision shall not constitute a waiver of that provision. If any provision is held invalid, the remaining provisions shall remain in full force and effect.

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