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RESOLUTION NO. R1162019 AUTHORIZING THE EXECUTION OF A CONTRACT WITH COMPASS MINERALS FOR THE PURCHASE OF 800 TONS OF BULK ROCK SALT IN THE NOTTOEXCEED AMOUNT OF $75,704WHEREAS the Village of Bentonville,
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01
Start by including the date of the agreement at the top of the document.
02
Identify the parties involved in the agreement by including their full legal names and addresses.
03
Clearly state the purpose of the agreement, which is to establish the terms and conditions for the purchase of a certain quantity of goods.
04
Specify the goods involved in the agreement, including a detailed description, quantity, and any specific requirements.
05
Determine the purchase price for the goods and the terms of payment, including any applicable discounts or taxes.
06
Define the delivery terms, including the place and time of delivery, as well as any shipping or handling arrangements.
07
Address any warranties or guarantees provided by the seller for the goods.
08
Include any additional terms or conditions that both parties have agreed upon, such as dispute resolution or termination clauses.
09
Make sure both parties review the agreement carefully before signing and dating it.
10
Keep a copy of the agreement for future reference.

Who needs quantity purchase agreement with?

01
Quantity purchase agreements are commonly used by businesses and individuals who are buying or selling goods in bulk quantities.
02
Manufacturers, suppliers, wholesalers, and retailers often utilize these agreements to establish a formal understanding of the terms of purchase.
03
Businesses that regularly purchase large volumes of goods or materials can benefit from having a quantity purchase agreement in place.
04
Additionally, individuals or businesses involved in long-term purchasing arrangements may find it useful to have a formal agreement to ensure both parties are on the same page.
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A quantity purchase agreement is a contract that outlines the specific quantities of goods or services that a buyer agrees to purchase from a seller over a designated period.
Typically, both buyers and sellers who are engaged in a contractual agreement for the purchase of goods or services in specified quantities are required to file a quantity purchase agreement.
To fill out a quantity purchase agreement, parties must provide details such as the names of the buyer and seller, the description of the goods or services, quantity being purchased, price, terms of delivery, and payment terms.
The purpose of a quantity purchase agreement is to establish clear expectations between the buyer and seller regarding the amount, terms, and conditions of the purchase, ensuring both parties are aligned on the transaction.
Information that must be reported includes the names and addresses of the buyer and seller, product details, quantities, pricing, delivery schedules, and payment terms.
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