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Whole Sale Contract Template for Hong Kong

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Key Requirements PROMPT example:

Whole Sale Contract

"I need a Wholesale Contract governed by Hong Kong law for my electronics manufacturing company to supply smartphone components to various distributors in Asia, with specific quality control requirements and minimum order quantities starting from January 2025."

Document background
The Wholesale Contract serves as a fundamental legal instrument for businesses engaged in bulk trading relationships in Hong Kong. This document is essential when establishing ongoing commercial relationships involving regular large-scale purchases and supplies. The contract incorporates key provisions required under Hong Kong law, including elements from the Sale of Goods Ordinance and Contract Ordinance, while addressing specific commercial needs such as minimum order quantities, pricing structures, and delivery arrangements. It's particularly suited for businesses looking to establish long-term wholesale trading relationships with clear terms regarding product specifications, quality standards, payment terms, and risk allocation. The document provides comprehensive protection for both suppliers and buyers while maintaining flexibility for specific commercial requirements.
Suggested Sections

1. Parties: Identifies and provides full legal details of the wholesaler and buyer

2. Background: Briefly outlines the context of the agreement and the parties' intention to enter into a wholesale relationship

3. Definitions: Defines key terms used throughout the agreement

4. Supply of Goods: Details the core obligation to supply goods, including quality standards and specifications

5. Ordering Process: Specifies how orders will be placed, confirmed, and processed

6. Pricing and Payment Terms: Sets out pricing structure, payment methods, and payment timing

7. Delivery and Risk: Specifies delivery terms, timing, logistics, and point of risk transfer

8. Title and Risk: Establishes when ownership transfers and who bears risk at different stages

9. Quality and Inspection: Details quality standards, inspection rights, and rejection procedures

10. Warranties and Representations: Lists warranties given by both parties regarding products and business operations

11. Term and Termination: Specifies contract duration and circumstances for termination

12. Confidentiality: Protects confidential information exchanged during the business relationship

13. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction for disputes

14. General Provisions: Contains standard boilerplate clauses including force majeure, notices, and amendments

Optional Sections

1. Minimum Purchase Requirements: Used when the buyer must commit to minimum purchase quantities or values

2. Exclusivity: Include when either party is granted exclusive rights in certain territories or for certain products

3. Returns and Refunds: Needed when specific return policies beyond statutory requirements are agreed

4. Marketing and Branding: Required when the agreement includes terms about how products can be marketed or branded

5. Storage and Warehousing: Include when specific storage requirements or warehousing services are part of the agreement

6. Insurance Requirements: Used when specific insurance coverage is required beyond standard practice

7. Intellectual Property: Include when IP rights need protection or licensed use is granted

8. Data Protection: Required when personal data processing is involved in the business relationship

Suggested Schedules

1. Product Specifications: Detailed technical specifications and requirements for all products covered

2. Price List: Comprehensive list of products and their prices, including any volume discounts

3. Delivery Locations: List of approved delivery locations and any specific delivery requirements

4. Quality Standards: Detailed quality requirements, testing procedures, and acceptance criteria

5. Service Level Agreement: Specific performance metrics and service levels to be maintained

6. Authorized Representatives: List of personnel authorized to place and accept orders

7. Return Procedures: Detailed procedures for handling returns and claims

8. Form of Purchase Order: Standard template for purchase orders to be used under the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




































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Relevant Industries

Retail

Manufacturing

Electronics

Consumer Goods

Textiles and Apparel

Food and Beverage

Construction Materials

Automotive Parts

Medical Supplies

Industrial Equipment

Chemical Products

Telecommunications Equipment

Relevant Teams

Legal

Procurement

Supply Chain

Commercial

Operations

Sales

Finance

Logistics

Compliance

Business Development

Relevant Roles

Procurement Manager

Commercial Director

Supply Chain Manager

Operations Manager

Sales Director

Business Development Manager

Contract Manager

Legal Counsel

Chief Commercial Officer

Purchasing Manager

Logistics Manager

Trade Compliance Officer

Finance Manager

General Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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