North Carolina Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website

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Multi-State
Control #:
US-01815BG
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This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

The North Carolina Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website is a legally binding document that outlines the terms and conditions for the sale and re-sale of goods on a purchaser's website in North Carolina. This agreement aims to protect the interests of both parties involved, ensuring transparency and clarity in the transaction. Keywords: North Carolina, agreement, representations, warranties, goods purchased, re-sold, purchaser's website. Types of North Carolina Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website: 1. Standard Agreement: This type of agreement establishes the basic terms and conditions between the purchaser and the seller regarding the representations and warranties for goods purchased and to be re-sold on the purchaser's website. It covers aspects like product descriptions, quality, condition, and any applicable warranties. 2. Exclusive Agreement: An exclusive agreement may be established between the purchaser and a specific seller, granting exclusive rights to the purchaser to re-sell the seller's goods on their website in North Carolina. This agreement may include additional clauses such as agreed-upon pricing, exclusivity period, or marketing efforts. 3. Consignment Agreement: In a consignment agreement, the purchaser accepts goods from a seller on consignment, meaning the seller retains ownership until the goods are sold. This agreement would include representations and warranties specific to consignment transactions, such as responsibility for storage, insurance, and payment terms. 4. Drop-shipping Agreement: If the purchaser engages in drop-shipping, where goods are directly shipped from the supplier to the purchaser's customers, a drop-shipping agreement may be necessary. This agreement would define the responsibilities and obligations of the purchaser, the supplier, and any warranties or representations regarding the condition and quality of the goods. 5. Bulk Purchase Agreement: When the purchaser intends to buy goods in bulk and resell them on their website, a bulk purchase agreement may be used. This type of agreement may include provisions regarding minimum purchase quantities, pricing, warranties, and representations related to bulk buying. It is essential to consult with a legal professional while drafting or entering into any such agreement to ensure compliance with North Carolina laws and to accurately represent the intentions and expectations of the parties involved.

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FAQ

A representation is an assertion as to a fact, true on the date the representation is made, that is given to induce another party to enter into a contract or take some other action. A warranty is a promise of indemnity if the assertion is false.

The representations and warranties section of the Purchase Agreement is one of the most negotiated sections of any agreement between a buyer and a seller. It covers statements of fact and promises about what is sold. The seller will make several representations and warranties about the target and assets.

Reps and warranties is a term used to describe the assertions that a buyer and/or seller makes in a purchase and sale agreement. Both parties are relying on each other to provide a true account of all information and supporting documents to close the transaction.

A representation is an assertion of past or existing fact given by one party to induce another party to enter into an agreement. A warranty is a promise that the assertion of existing fact or future facts are or will be true, along with an implied promise of indemnity if the assertion is false.

Any purchase agreement should include at least the following information:The identity of the buyer and seller.A description of the property being purchased.The purchase price.The terms as to how and when payment is to be made.The terms as to how, when, and where the goods will be delivered to the purchaser.More items...?

A representation is a statement of past or present fact (either express or implied) made by one party to induce the other party to enter into the agreement.

What Is The Sale And Purchase Agreement, And Why Is It Important To Me? The SPA is a legally binding contract which outlines the details of a sale between a buyer and a seller. It's important that these conditions are mutually agreed upon between both parties too, hence the term agreement.

However, there are some basic items that should be included in every purchase agreement.Buyer and seller information.Property details.Pricing and financing.Fixtures and appliances included/excluded in the sale.Closing and possession dates.Earnest money deposit amount.Closing costs and who is responsible for paying.More items...?

Any purchase agreement should include at least the following information:The identity of the buyer and seller.A description of the property being purchased.The purchase price.The terms as to how and when payment is to be made.The terms as to how, when, and where the goods will be delivered to the purchaser.More items...?

The simple purchase agreement template serves to protect the buyer and seller. It is a form that documents an agreement so that each party ensures fair treatment during the transaction. The document template allows for the ease in creation of a complex document.

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North Carolina Agreement Regarding Representations and Warranties for Goods Purchased and to be Re-Sold on Purchaser's Website