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EnglishTrainingMaterialsProcurementContract
ThisEnglishTrainingMaterialsProcurementContract(the"Contract")ismadeandenteredintoasofxxx,byandbetweenxxx,axxxcorporationwithitsprincipalofficeatxxx(hereinafterreferredtoas"Purchaser"),andxxx,axxxcorporationwithitsprincipalofficeatxxx(hereinafterreferredtoas"Supplier").
RECITALS
WHEREAS,thePurchaserdesirestopurchasecertainEnglishtrainingmaterialsfromtheSupplier;and
WHEREAS,theSupplieragreestosellsuchmaterialstothePurchaser;
NOW,THEREFORE,inconsiderationofthemutualcovenantsandpromisescontainedherein,thepartiesagreeasfollows:
ARTICLEI-DEFINITIONS
1.1"Materials"meanstheEnglishtrainingmaterialstobesuppliedbytheSupplierandpurchasedbythePurchaserassetforthinExhibitAattachedhereto.
1.2"Term"meanstheperiodcommencingonxxxandendingonxxx.
1.3"TotalPrice"meansthetotalamountpayablebythePurchaserfortheMaterials,whichshallbexxx.
ARTICLEII-OBJECTIVESOFTHECONTRACT
2.1TheprimaryobjectiveofthisContractistofacilitatetheprocurementofEnglishtrainingmaterialsbythePurchaserfromtheSupplier.
2.2BothpartiesagreethatthesuccessfulperformanceofthisContractwillresultinimprovedEnglishlanguageproficiencyamongthePurchaser'semployees.
ARTICLEIII-DUTIESANDRESPONSIBILITIES
3.1SupplierResponsibilities:
a)SupplytheMaterialsasspecifiedinExhibitAwithinxxxdaysfromthesigningofthisContract.
b)EnsurethattheMaterialsareofgoodqualityandmeetthestandardsoutlinedinExhibitA.
c)ProvidenecessarytrainingorsupportifrequiredbythePurchaser.
d)MaintainconfidentialityofanyproprietaryinformationsharedbythePurchaserduringthecourseofthisContract.
3.2PurchaserResponsibilities:
a)PaytheTotalPricetotheSupplierasperthepaymenttermssetforthinArticleIV.
b)ProvidereasonableassistancetotheSupplierinfulfillingitsobligationsunderthisContract.
c)MaintainconfidentialityofanyproprietaryinformationsharedbytheSupplierduringthecourseofthisContract.
ARTICLEIV-PAYMENTTERMS
4.1TheTotalPricefortheMaterialsshallbepaidbythePurchasertotheSupplierinxxxinstallment(s)asfollows:xxx.
4.2AllpaymentsshallbemadeviawiretransfertothebankaccountdesignatedbytheSupplier.
4.3Ifanypaymentisoverdue,interestshallaccrueonsuchamountatarateofxxx%perannumuntilpaidinfull.
ARTICLEV-TERMANDTERMINATION
5.1ThisContractshallcommenceonxxxandcontinueuntilxxxunlessearlierterminatedinaccordancewiththisArticleV.
5.2EitherpartymayterminatethisContractbygivingxxxdays'writtennoticetotheotherparty.Upontermination,eachpartyshallperformallremainingobligationshereunder.
5.3Incaseofanybreachordefaultbyeitherparty,thenon-breachingpartymayterminatethisContractimmediatelyuponwrittennoticetothebreachingparty.
ARTICLEVI-CONFIDENTIALITY
6.1BothpartiesagreetomaintainstrictconfidentialityregardingallproprietaryinformationdisclosedpursuanttothisContract.Unlessotherwiseagreedinwriting,neitherpartyshallusesuchinformationforanypurposeotherthanfulfillingitsobligationsunderthisContract.
ARTICLEVII-MISCELLANEOUS
7.1GoverningLaw:ThisContractshallbegovernedbyandconstruedinaccordancewiththelawsofxxx.AnydisputearisingoutoforrelatingtothisContractshallberesolvedthroughbindingarbitrationinxxx.
7.2Severability:IfanyprovisionofthisContractisfoundtobeinvalidorunenforceable,itshallnotaffectthevalidityorenforceabilityoftheremainingprovisions.
7.3Amendments:NoamendmentormodificationofthisContractshallbevalidunlessmadeinwritingandsignedbybothparties.
7.4EntireAgreement:ThisContractconstitutestheentireagreementbetweenthepartiesandsupersedesallpriornegotiations,understandings,andagreementsbetweenthem.
7.5Waiver:NowaiverofanyprovisionofthisContractshallbeeffectiveunlessmadeinwritingandsignedbybothparties.Nosingleorpartialwaivershallconstituteacontinuingwaiveroraffectotherprovisions.
7.6
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