Supply - Agreement to conditions of sale

Formal contract agreeing the conditions of a principal order to supply a given number of units of product(s) at fixed price within a fixed period and setting the delivery and invoicing and settlement for the principal order. The main purpose of this agreement is to guarantee supply of a given quantity at an agreed price over a given period. It also contains rules for any casual sale agreed within this period and agrees on the price list for casual sales. Seller = ownership passes to the buyer after settlement (also known as the Romalpa clause). Company to company. Any State.

The terms and conditions of sale of a manufactured product on sale under

• Sale of Goods Act 1896 (QLD)

in Queensland. These might be printed on the back of an invoice or a sales docket, for example. In these conditions, the ownership passes to the buyer when assigned to the Buyer in the warehouse.

The terms and conditions of sale of a manufactured product on sale under

• Sale of Goods Act 1954 (ACT)

in the Australian Capital Territory (ACT). These might be printed on the back of an invoice or a sales docket, for example. These terms contain a Romalpa clause that specifies that the goods remain the property of the seller until the seller has received full payment.