Archive
commercial
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Force Majeure
Force majeure is a contract clause that suspends or excuses a party’s obligations when extraordinary events entirely beyond its control, such as…
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Trial Order
A trial order is a first commercial shipment placed to verify that a supplier can meet specification, documentation and logistics requirements at…
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Quality Claims
Quality claims are formal notifications raised by a buyer when delivered goods deviate from the agreed specification, covering defects, contamination, temperature abuse…
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Purchase Order
A purchase order is the buyer’s formal written document requesting goods from a supplier, specifying product, quantity, delivery date and commercial terms,…
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Rejection Procedure
A rejection procedure is the contractual and operational process by which a buyer formally refuses a consignment that fails to meet specification…
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Order Confirmation
An order confirmation is the seller’s written acceptance of a purchase order, fixing the agreed quantity, delivery terms and other commercial conditions,…
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Claim Deadline
A claim deadline is the contractual period within which a buyer must notify a seller of defects after delivery, often differentiated between…
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Price Review Clause
A contract price adjustment mechanism allows contract prices to be revised at defined intervals or upon defined triggers, such as raw material…
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Exclusivity Agreement
An exclusivity agreement is a commercial contract that grants one party sole rights to buy, sell or distribute a product within a…
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Framework Contract
A framework contract is a master agreement establishing the general terms governing a series of future transactions between parties, with individual deliveries…