GRAND HOTELS CONTRACT NEGOTIATION 5
GrandHotels Contract Negotiation
GrandHotels Contract Negotiation
Summary provides a brief outline of the parties to the contract and the circumstances leading to the contract agreement.
Address lists the address of the buyer (Grand Hotels) and the contact person as well as the address of the seller (Southwest Communications) and the contact person.
Contracts outline provides a statement of the aim of the contract being signed. Introduces the parties to the contract
Witness introduces the lawyer and the advocates as the witness of the signing of the contract by the parties.
Contract terms outlines the details and agreements under the contract as well as the responsibilities of the parties to the contract.
GrandHotels are a involved in a contract negotiation with SouthwestCommunications as the preferred supplier of personalhandy phones ("PHPs"). The equipment, personal handy phonesis needed for the new room of 5000 people capacity to be opened byGrand Hotels. As a first time supplier to Grand Hotels, themanagement is keen to ensure that SouthwestCommunications are able to deliver the equipment at the right timeand in the right quality.
Moreover,the management is keen to monitor and evaluate the reliability ofSouthwest Communications to honor the its sales obligations. This isnecessitated by the negative history the international hotel chainhas learned of Four Stars Electronic Industries, their formersuppliers of the PHPs equipment. The situation is critical for themanagement of Grand Hotels is keen on two main things the timelydelivery of the equipment and the quality of the communicationdevices.
Towitness and provide a legal backing to the contract being signed isthe lawyer for the buyer, Grand Hotels who are present at thenegotiation table. Through the witnessing of the contract, theseller and the buyer are placed under contractual obligationsoutlined in the agreement. The key items of the agreement are theprice, agreed at $296 and the delivery time, agreed at six monthsfrom the ordering date. This leaves the parties to the agreement withthree months since it has been three months after the order wasplaced by Grand Hotels.
Mr/Mrs………(Insert your Name here)……..
ContractNegotiation for the Purchaseof Personal Handy Phones ("PHPS")
Thisis a contract between GrandHotels, herein referred to as the buyer and Southwest Communications,herein referred as the seller. The contract agreement is made inregard to the purchase of (personalhandy phones ("PHPs") by the buyer from the seller. Thiscontract reflects the products, personal hardy phones that wereordered, three months ago by the buyer from the seller.
Thisagreementis made as of this…….dayof……(insert date)……,and the “Effective Date”of the contract is…….dayof……(insert date)…….
Witness:The contract negotiations are witnessed by the company lawyer, XYZAdvocate, the seller hereby agrees to sell the stated products to thebuyer at the stated date and under the stated agreements.
Theparties to this contract are to discuss and agree to the following
Theseller will sell,quality hardy phones to the buyer at the discussed price of $296, atthe time of order of the products, three months ago.
Timelytransfer of both the possession and ownership of the quality hardyphones at the agreed time without lateness due to the use of thephones by the buyer.
Thetimeliness of the delivery of the hardyphones by the seller will determine the compliance of the buyer inpaying the seller in good time. Further written agreement will bedone to describe the consequences of date delivery, or delivery oflow quality hardy phones.
Thetitle, as well as the risk of loss of the hardyphones referred hereunder remains with the seller. Such risk andtitle will be transferred to the buyer upon receipt of the hardyphones and acceptance after careful inspection by the buyer.
Thatthe delivery of the hardy phones should be made by the seller tobuyer within six months from the date of receipt of the order by theseller.