Summary
Reviewing contract clauses is essential to identify any unfavorable terms. A 12-month lock-in period may limit flexibility, and early termination charges should be reasonable. Payment cycles and invoice requirements must be clearly stated to prevent disputes. Ensure all parties agree on these terms as per the Indian Contract Act, 1872.Full Conversation
CCD have forwarded supply of Tea / Coffee & other products through Vending Machines agreement, will sahre you the clause please let us know as any unfavorable or negative clause as a other side party as per indian contract act *
Sure, I'd be happy to help you with this. Please share the specific clauses from the agreement. I'll review them and point out any potentially unfavorable or negative clauses for you, based on the Indian Contract Act.
*. The Contract is Locked in for * Months, in case of any reason the contract has to be revoked in less than a year Charges of Rs. * will be charged towards refurbishment and transportation cost.
Here's a brief analysis of the clause based on the Indian Contract Act, *:
- Lock-in Period: A *-month lock-in period may be restrictive if you need flexibility. Ensure you're comfortable with this duration.
- Early Termination Charges: The Rs. * charge for early termination could be seen as a penalty. Ensure this cost is justified and reasonable.
Would you like more detailed information or have other clauses to review?
there are two payment cycle i.e. 10th and 25th of every month. Invoice should have proper delivery challan with PISPL stamp receiver name and sign)
Case Rating: *
It looks like you are dealing with a contract for the supply of products through vending machines. Here are some general guidelines based on the Indian Contract Act, *:
- Payment Cycles: Ensure both parties agree on the payment dates and that they are clearly stated in the contract.
- Invoices and Delivery Challans: The requirement for proper delivery challans with stamps, receiver names, and signatures should be explicitly mentioned to avoid disputes.
Do you need assistance with any other specific clauses in the contract?
there are two payment cycle i.e. 10th and 25th of every month. Invoice should have proper delivery challan with PISPL stamp receiver name and sign) re-write into proper sentence as i have to incorporate into agreement
Case Rating: *
Incorporate the following sentence into your agreement:
"There are two payment cycles, on the 10th and 25th of every month. Each invoice must be accompanied by a proper delivery challan bearing the PISPL stamp, receiver's name, and signature."
TRY ME!
Start a new chat