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CONDITIONS OF SALE 1. Except where goods are sent on C.O.D. terms, or unless otherwise stated, payment shall be due 30 days from the date of the invoice. All prices are net and the Purchaser shall
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General terms and conditions are a set of clauses that outline the rules, guidelines, and obligations pertaining to a contract or agreement between parties.
Businesses and organizations that enter into contracts or agreements typically are required to file general terms and conditions to set clear expectations and legal frameworks for the relationship.
To fill out general terms and conditions, one should carefully review applicable laws and regulations, clearly define the scope of the agreement, outline the rights and obligations of all parties, and ensure clarity and comprehensiveness in language.
The purpose of general terms and conditions is to establish a common understanding between parties, minimize disputes, and provide legal protection in case of non-compliance or disagreements.
Information that must be reported includes the identity of the parties, the objectives of the agreement, payment terms, responsibilities of each party, duration of the agreement, and conditions under which the contract can be terminated.
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