This page offers an easily downloadable offtake agreement template in a word document format that you can edit and adapt to suit your specific needs. For instance, if you’re looking for a standard offtake agreement, a tolling agreement template, or an oil and gas purchase agreement template, this resource can serve as an excellent starting point. You will find it not only user-friendly but also inclusive of all key aspects necessary for creating effective long term supply contracts and take-or-pay agreements.
1. PartiesThis Offtake Agreement (the “Agreement“) is made and entered into this _____ day of ________, 20__, by and between [Seller’s Legal Name], a [entity type and state] having its primary place of business at [Seller’s business address] (hereinafter “Seller“) and [Buyer’s Legal Name], a [entity type and state] having its primary place of business at [Buyer’s business address] (hereinafter “Buyer“).
2. TermThis Agreement shall commence on the Effective Date and shall continue in force for a period of [Insert Number] years unless earlier terminated pursuant to the terms of this Agreement (the “Term“).
3. Product and QuantityThe Seller agrees to sell, and the Buyer agrees to purchase, a minimum quantity of [Insert Quantity] of [Insert Product Description] during each year of the Term.
4. Price and PaymentThe price for the product shall be [Insert Price] per [Insert Unit]. The Buyer shall make payment to the Seller in accordance with the payment terms set forth in this Agreement.
5. DeliveryThe products shall be delivered to [Insert Delivery Location] in accordance with the delivery schedule set forth in this Agreement.
6. Inspection and AcceptanceUpon delivery of the products, the Buyer shall have the right to inspect the products for conformity with the specifications set forth in this Agreement.
7. TerminationEither party may terminate this Agreement in the event the other party materially breaches any of its obligations under this Agreement and fails to cure such breach within [Insert Number] days of receipt of written notice of such breach.
8. Governing Law and JurisdictionThis Agreement shall be governed by and construed in accordance with the laws of the state of [Insert State], without regard to its conflict of laws principles. The parties consent to the exclusive jurisdiction of the state and federal courts located in the state of [Insert State].
9. Entire AgreementThis Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, and negotiations, both written and oral, between the parties with respect to the subject matter of this Agreement. IN WITNESS WHEREOF, the parties hereto have executed this Offtake Agreement as of the date first above written. ______________________________ ______________________________ [Seller’s Legal Name]
[Buyer’s Legal Name] ______________________________ ______________________________ Signature
Signature ______________________________ ______________________________ Name
Name ______________________________ ______________________________ Title
Title ______________________________ ______________________________ Date
If you’re a small business owner looking to secure consistent supplies of goods for your operations, then an offtake agreement can be an essential tool. An offtake agreement template may not be the only contract you require. You might also need an Option to Purchase Agreement Template ensuring your legal rights to buy specific assets under pre-determined conditions and timelines. This may be particularly helpful if you’re considering expanding your business operations.
Another beneficial agreement for those exploring expansion or diversification is the Granny Flat Agreement Template. This practical contract can help establish clear terms and conditions should you decide to lease part of your property while ensuring both parties’ rights are protected.
At times, a business might have to discontinue its current premise’s lease abruptly. In such cases, having access to a Cancel Lease Agreement Template can be extremely beneficial. It offers a structured, legally sound basis to terminate your existing lease.
Finally, if your business plan entails utilizing third-party storage facilities, then our Storage Agreement Template will come in handy. It outlines the conditions under which your goods will be stored, addressing factors like liability, damage, and payment terms among other essential aspects.