Purchase Terms and Conditions Template

Terms and Conditions of Purchase

TR.C&L.03.01
These B2B Standard Terms and Conditions of Purchase are for use by a buyer in a transaction who wishes to do business on his or her own terms and conditions rather than those of the seller, and provide a comprehensive series of protections for the buyer in a business to business transaction.

This template carefully regulates the relationship between the buyer and seller and clearly set out the responsibilities of both parties, whilst ensuring the contractual and legal position of the buyer is safeguarded. They have recently been updated to reflect current best practice.

This document is duplicated in the Sale and Supply of Goods Agreements group.

These Terms and Conditions of Purchase contain the following clauses:

1. Application
2. Interpretation
3. Basis of Purchase
4. Specification
5. Price
6. Payment
7. Delivery
8. Quality
9. Risk and Property
10. Assignment
11. Warranty
12. Indemnity
13. Remedies
14. Termination
15. Force Majeure
16. Communications
17. Waiver
18. Severance
19. Third Party Rights
20. Governing Law and Jurisdiction

This document is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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