What should we pay more attention to in negotiating and setting up a purchase contract?

Preliminary first

You have assumed the responsibility of setting up a purchase contract or a few steps back, you want to negotiate with a seller regarding the purchase or manufacture of goods, what important points should you pay more attention to in the negotiations related to the setting up of the contract. Due to the many points that this topic contains, the article is presented in the form of several posts. I try to mention the contents in the order that is usually written in the contracts.

contracting party

The contracting party may be real or legal. In any case, try to research his records and reach a level of certainty that the profile of the party is correct and if not famous, at least not infamous. The higher the amount of Advance Payment, the more invalid his guarantee or bond and the greater the consequences of the bad faith of the party, the more important this issue will be. Especially when you are with a real person. If you sign a contract with a real person (especially a construction contract, which is generally time-consuming), try to have another person sign the contract and guarantees as a guarantor of their obligations.

If your party is a legal entity, check the people who have the right to sign them through the official newspaper inquiry site (ocr.rrk.ir). Generally, the advertisement of persons with the right to sign is valid for two years, if the validity has expired, request them to provide the new meeting minutes and the delivery receipt of the new meeting minutes to the official newspaper.

Be sure to get a copy of their articles of association and check the signatures below with the binding signatures of the company. Pay attention, the words “or” and “and” are important between the signatories.

In the party’s address field, if the address of the registered office is different from the main office as well as the construction workshop, try to enter all the addresses by specifying the postal code and landline phone number and mentioning its title. Of course, in the text of the contract, in the address section of the parties (it will be mentioned again in the next posts), specify the intended address for sending correspondence, and in the delivery section of the goods, if the delivery is to the factory door, specify the delivery location.