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Commercial contracts or economic contracts, sales contracts, ... are all bases for the parties involved to fulfill responsibilities and ensure the rights and interests of all parties. To help readers understand this issue better, in the article below, Mytour will introduce commercial contract templates.
What is a commercial contract? Latest 2023 commercial contract template
1. What is a commercial contract?
2. Commercial contract template.
3. Content of the commercial contract.
1. What is a commercial contract?
Currently, in the legal system of Vietnam, there is no concept of a commercial contract. However, it can be observed that a commercial contract is a document recording the agreement of the parties regarding the execution of transactions such as buying and selling goods, supplying services, promoting trade,...
- Commercial contracts can be concluded in writing or orally depending on the agreement of the parties.
- The commercial contract serves as the foundation for parties to exercise rights and obligations, binding responsibilities, and providing a basis for resolving disputes arising during contract execution.
- Some commonly used types of commercial contracts today include:
+ Sales contracts for goods (domestic, international, through commodity exchanges)
+ Service supply contracts (related to buying and selling goods, supplying specialized services in financial, insurance sectors, etc.)
+ Commercial promotion contract
+ Contracts used in other commercial investment activities....
2. Commercial contract template
Below is the commercial contract template for readers to refer to and use:
- Template 01: Commercial agency contract template
- Template 02: Bilingual international commercial contract template
* Download the complete set of templates HERE
Moreover, to explore more about some contract templates used in the commercial field, readers are invited to refer to the article International trade contract templates or sales contract templates,...
3. Content of the commercial contract
A commercial contract must ensure the following contents:
- Record all agreed-upon terms and conditions (terms must not contradict cultural norms, social ethics, and legal regulations)
- Depending on the type of commercial contract, there will be different provisions suitable for the purpose of contract formation. However, basic provisions must be ensured:
+ Parties involved in the contract.
+ Basic information of the contracting parties.
+ Time, location of contract execution.
+ Value of the contract.
+ Description of goods, services, quality, quantity, and price.
+ Payment method, payment terms.
+ Rights and obligations of the parties.
+ Commitments of the parties.
+ Dispute resolution method.
+ Other provisions (if any).
- Confirmation signatures of the participating parties.
In addition to commercial contracts, the commercial business sector also utilizes import-export contracts for goods. Readers can refer to the Sample Import Machinery Contract (English) for detailed information.
Here is the content about the commercial contract template. Understanding the contents of the contract will facilitate the signing process as well as ensure clear and precise terms. As a result, it will minimize and avoid unnecessary risks during contract execution.
