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Canadian Business Contract

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Parties
Goods & Payment
Delivery
Final Details
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Description of Goods

What is the Buyer purchasing from the Seller?

Product

Description:

Quantity:

Unit Price

$

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Add another product

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Goods quality standard

Do you wish to specify quality standards that the goods must meet?

Yes No

What standards should the goods meet?

As recently quoted by the Seller The attached specifications Industry standards Other

On what date did the Seller quote the quality norms to the Buyer?

Date

Describe the standards that the goods must meet.

Description of Standards:

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Shipping Process Risk

Do you wish to Province at which point in the shipping process the risk of loss will be transferred from the Seller to the the Buyer?

Yes No

When will the Seller's duty regarding the shipment of goods end?

Upon delivery of goods to the shipping company Upon delivery of goods to the final destination - Recipient address

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Payment

Where should payment be made?

To the Provider of goods or services at the address previously entered To a different person, company or address

Enter the payee information

Name:

Address: (e.g. Street, City, Province, Postal Code)

How will the Service Provider or Seller be paid?

Single lump sum payment Several installment payments Other payment terms

How will the Service Provider or Seller of goods be paid?

The Service Provider or Seller of goods will be paid as follows:

How much is the payment?

Payment amount

$

When will the lump sum be paid?

Upon completion of the services or delivery of goods Upon executing this Contract At some other time as described below

Describe:

How will the payment be made?

In regular installment payments Upon the occurrence of specific events

What is the amount of the installment payments and how often will the payment be made?

Payment amount

$

Repetition of payment

Province the specific event(s) that will trigger payment under this Contract and the amount of each payment

Payment amount

$

Event/Milestone:

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Payment Discount

Will payment discount terms be included?

Yes No

Discount Percentage

Days:

e.g.(10)

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Interest

Will interest be charged on past due amounts?

Yes No

Interest rate

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Other Payment

Do you want to include other payment provisions or instructions?

Yes No

Other payment provisions:

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50%

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