Common use of Conclusion of a contract Clause in Contracts

Conclusion of a contract. Each purchase contract is concluded on the basis of a written/email/telephone/on-line or verbal order from the buyer. The buyer’s order must contain the following requirements: a) company name, registered office or place of business of the buyer b) identification number (VAT number if registered as a VAT payer) c) type of product (goods), which uniquely identifies the subject matter of the order d) requested amount e) place and date of delivery f) mode of transport and form of payment of the purchase price of the goods g) for written orders, a legible signature from the representative of the buyer On the basis of the buyer’s order, which meets the above requirements, the seller issues a draft sales contract to the buyer, wherein the buyer confirms the type, purchase price, and quantity of the products that he undertakes to deliver to the buyer; the place and date of delivery; the mode of transportation and the form of payment of the purchase price. If written confirmation is received, the buyer has the right to submit to the seller a written draft to amend the sales contract or else cancel it, both within 5 working days of receiving the draft sales contract. If he does not within the stipulated period, a sales contract shall be considered concluded between both parties in the form of the draft sales contract. In the event of the buyer making a change in the draft sales contract, the seller issues an amended draft sales contract to the buyer, wherein the seller confirms the type, purchase price, and quantity of the products that he undertakes to deliver to the buyer; the place and date of delivery; the mode of transportation and the form of payment of the purchase price. The sales contract between the two parties, in the form of the amended draft of the sales contract, is then concluded at the moment when the buyer receives this sales contract and he makes no objections within 2 working days following the date of receiving the contract. The buyer’s de facto compliance with the seller’s terms can be regarded as confirmation of the order. Before concluding the first sales contract between the seller and the buyer within the framework of their business relations, the buyer must provide proof of authorization for his business activities (a valid extract from the Commercial Register, business license or concession deed). The customer undertakes to accept the articles or services subject to the performance of the contract and make proper payment within the agreed deadlines.