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Contract of Barter Agreement
Contract of Barter Agreement
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WITNESS THAT:
WHEREAS, each party hereto agrees to sell and trade their respective
Goods and Products [or Services] in exchange for the Goods and Products [or
Services] of the other party, on a barter basis;
WHEREAS, the parties furthermore agree that the mutual sale, purchase
and trade of their respective Goods and Products [or Services] hereunder shall
be accomplished in a manner intended to minimize the exchange or transfer of
money between the parties
1.1. The FIRST PARTY agrees to sell and trade to the SECOND PARTY and the
SECOND PARTY agrees to purchase from the FIRST PARTY the following
Goods and Products [or Services] in the quantity and at the price set
forth below:
Total
1.2. The SECOND PARTY agrees to sell and trade to the FIRST PARTY and the
FIRST PARTY agrees to purchase from the SECOND PARTY the following
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Goods and Products [or Services] in the quantity and at the price set
forth below:
Total
1.3. Both parties agree to adhere to the price set by each as final. Both
parties attest that the pricing for product(s) and/or service(s) represents
fair market value, to the best of their knowledge, within that industry.
1.4. Both parties represent and warrant that the product(s) [or service(s)]
offered for barter can legally be sold by them and the other party and
their respective assigned agents or dealers.
2.1. All of the Goods and Products purchased by the FIRST PARTY hereunder
shall be delivered by the SECOND PARTY, according to the following
schedule and methods:
2.2. All of the Goods and Products purchased by the SECOND PARTY
hereunder shall be delivered by the FIRST PARTY, according to the
following schedule and methods:
2.3. Both parties agree to adhere to the delivery schedule as set by the
parties. They further agree to deliver the good(s) and product(s) in good
condition.
3.1. Neither party shall be obligated to purchase, accept or receive the Goods
and Products of the other party which are of a quality inferior to or
different from that agreed upon above. In the event that a party hereto
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accepts such Goods and Products of an inferior quality, the price quoted
above for such Goods and Products shall accordingly be adjusted.
3.2. The party for whose benefit the adjustment is to be made, shall be
entitled to order an additional quantity of Goods and Products from the
other party equal to the full amount of the adjustment, provided, that the
types of Goods and Products which may be so ordered shall be limited to
the types described under the initial agreement.
5.1. The parties certify that they have each read the provisions of this
agreement and understood the terms, conditions, and covenants hereof
and express full conformity thereto. The parties certify that they have
each received a signed copy of this agreement.
5.2. In the event that any of the stipulations or provisions under this
agreement shall be declared to be void or unenforceable, the same shall
not affect the other portions of the agreement which shall remain
operative and binding upon the parties.
IN WITNESS WHEREOF, the PARTIES have set their hands on the date and
place first above-written.
__________________________ __________________________
_________________________ __________________________
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ACKNOWLEDGEMENT
and who represented to me that the above signature was voluntarily affixed by
them for the purposes stated in the instrument/document, and who further
acknowledged before me that they have executed the instrument/document as
their free and voluntary act and deed [with authority to sign as representative].
WITNESS MY HAND AND SEAL on the date and place first above written.
NOTARY PUBLIC