Purchase of goods contract in India
Index of the contract
Model Contract for the Purchase of Goods in India used by foreign companies to import products from India, particularly raw materials and semi-manufactured products (textiles, furniture, building materials, etc.). The contract is drafted from the standpoint of the importing foreign company, but taking into account the commercial uses and practices of the Indian market and also the special characteristics of its business legislation.
This Contract includes all the most important clauses for importing products from India: purchased price, delivery terms, payment conditions, packaging, inspection of goods, title and risk, resolution of disputes and governing law.
The Contract is in English, which is the standard language used when drawing up contracts between foreign and Indian companies, and it is valid in India. A guide on Negotiating Contracts in India is provided with the contract.