Contract Agreement

Sample Contract Agreement

This Agreement is made between:

Seller / Exporter

Fortune Eleven Exporters
D7 Khan Plaza, Opp. Nawab Builders Shah E Alam, Danilimda, Ahmedabad – 380028, Gujarat, India.
Website: Fortune Eleven Exporters

AND

Buyer / Client

Client Name: ____________________________
Company Name: _________________________
Country: ________________________________
Address: ________________________________

Collectively referred to as the “Parties”.


1. Scope of Supply

Fortune Eleven Exporters agrees to supply industrial products, engineering goods, sourcing services, or customized solutions as per the approved quotation, technical specifications, GA drawings, purchase order, or commercial invoice agreed between both parties.


2. Pricing & Payment Terms

  • Prices mentioned in quotations are subject to change without prior notice unless confirmed through Proforma Invoice (PI).

  • Payment terms shall be mutually agreed before production or shipment.

  • Production and dispatch shall begin only after receipt of agreed advance payment.

  • Any banking charges, currency conversion charges, duties, taxes, or import-related expenses in the buyer’s country shall be borne solely by the Buyer.


3. Delivery & Shipment

  • Delivery timelines are estimated and may vary depending on production schedules, raw material availability, shipping conditions, customs clearance, or force majeure situations.

  • Fortune Eleven Exporters shall not be liable for delays caused by shipping lines, customs authorities, port congestion, strikes, war, natural disasters, or circumstances beyond reasonable control.

  • Risk and responsibility transfer to the Buyer upon dispatch, handover to logistics provider, or shipment release.


4. Inspection & Acceptance

  • Buyers may request third-party inspection before shipment at their own cost.

  • Any claims regarding quantity, visible damage, or product mismatch must be reported within 7 days of receipt of goods.

  • Products shall be considered accepted if no written complaint is received within the specified period.


5. Warranty Disclaimer

  • Products supplied are subject only to manufacturer standard warranty, if applicable.

  • Fortune Eleven Exporters does not provide any additional warranty unless specifically agreed in writing.

  • Warranty does not cover:

    • Improper installation

    • Misuse or negligence

    • Unauthorized modification

    • Incorrect storage or handling

    • Normal wear and tear

    • Damage during transportation after shipment


6. Limitation of Liability

Fortune Eleven Exporters shall not be liable for:

  • Indirect or consequential damages

  • Production loss

  • Business interruption

  • Profit loss

  • Installation expenses

  • Operational downtime

  • Engineering or application errors by the Buyer

  • Damages caused due to improper product selection or usage

The maximum liability of Fortune Eleven Exporters shall not exceed the invoice value of the supplied goods.


7. Technical Responsibility

The Buyer is solely responsible for:

  • Verifying technical suitability of products

  • Ensuring compatibility with systems and applications

  • Compliance with local regulations and safety standards

  • Proper installation, testing, and operation

All technical recommendations provided by Fortune Eleven Exporters are based on available information and shall not be considered final engineering approval.


8. Customization & Approved Drawings

For customized products:

  • Buyer-approved drawings, dimensions, specifications, and documentation shall be treated as final.

  • Fortune Eleven Exporters shall not be responsible for errors arising from approved drawings or specifications provided by the Buyer.

  • Customized or special manufactured products are non-returnable and non-refundable.


9. Intellectual Property

All catalogs, drawings, designs, technical documents, product images, and website materials remain the intellectual property of Fortune Eleven Exporters and may not be copied, distributed, or reproduced without written permission.


10. Confidentiality

Both parties agree to maintain confidentiality regarding technical data, pricing, drawings, commercial terms, and business information exchanged during the transaction.


11. Force Majeure

Fortune Eleven Exporters shall not be responsible for delays or failure to perform obligations caused by events beyond reasonable control including:

  • Natural disasters

  • Government restrictions

  • War or political instability

  • Pandemic or epidemic

  • Transportation disruptions

  • Labor strikes

  • Power shortages


12. Liability of Client / Buyer

The Client / Buyer agrees and acknowledges that:

The Buyer Shall Be Responsible For:

  • Providing accurate technical specifications and requirements

  • Verifying dimensions, pressure ratings, materials, and compatibility

  • Obtaining local approvals, certifications, and import permissions

  • Timely payment as per agreed terms

  • Safe unloading, storage, installation, and operation of products

  • Hiring qualified engineers or technicians for installation and operation

  • Following industry-standard safety procedures

The Buyer Shall Indemnify and Hold Harmless Fortune Eleven Exporters Against:

  • Third-party claims arising from misuse or improper installation

  • Damages caused due to incorrect application or operation

  • Legal claims related to local compliance failures

  • Accidents caused after delivery or shipment transfer

  • Any modification performed without written approval


13. Cancellation & Refund Policy

  • Orders once confirmed may not be cancelled without written approval.

  • Advance payments for customized or manufactured products are non-refundable.

  • Refunds, if approved, shall be processed after deduction of applicable administrative, banking, production, and logistics charges.


14. Governing Law & Jurisdiction

This Agreement shall be governed by the laws of India.

Any disputes arising from this Agreement shall be subject to the exclusive jurisdiction of courts located in Ahmedabad.


15. Acceptance

By confirming purchase order, quotation approval, advance payment, email confirmation, or shipment acceptance, the Buyer acknowledges and agrees to all terms and conditions stated in this Agreement.


Authorized Signatures

For Fortune Eleven Exporters

Name: ____________________
Designation: ____________________
Signature: ____________________
Date: ____________________


For Buyer / Client

Name: ____________________
Company: ____________________
Signature: ____________________
Date: ____________________