Formal contract between a company (the Seller) and a co-operative (the Buyer), 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 co-operative. Any State.
Formal contract between a company (the Seller) and a co-operative (the Buyer). Company to co-operative.