Buyer: Guangdong Xianhua Electric Fan Co., Ltd
Contact address: No. 41 Industrial Avenue, Beijiao Town, Shunde District, Foshan City, Guangdong Province
Supplier: Zhongshan Lichi Electric Motor Co., Ltd
Contact address: 3rd Floor, Building A, No. 10 Xinmao Industrial Avenue, Zhongshan City
1、 Overview of Collaborative Projects
Zhongshan Lichi Electric Motor Company and Guangdong Xianhua Electric Fan Co., Ltd. jointly launched a cooperation project on motor manufacturing and intelligent upgrading. The project aims to create an efficient and intelligent motor production line through technological integration and innovation, in order to meet the growing demand for high-end motor products in the market.
2、 Introduction to cooperative units
As a leading enterprise in the domestic motor industry, Zhongshan Lichi Motor Company has over 8 years of experience in motor manufacturing, with product lines covering multiple fields such as industry, home appliances, etc. The company is renowned for its advanced technology research and development capabilities, strict quality control system, and good market reputation.
In order to regulate product trading behavior and protect the legitimate interests of both buyers and sellers, in accordance with the Contract Compilation of the Civil Code of the People's Republic of China and relevant laws and regulations, and to clarify the rights and obligations of both parties and ensure normal trading order, after consultation between Party A and Party B, they have unanimously agreed to sign this contract.
1、 Product supply requirements
The product name, specifications, models, quantities, and other requirements required by Party B shall be sent to Party B's email, fax, WeChat, or other valid forms confirmed by both parties in the form of orders (or clear text information). The purchase order and text content sent by Party B shall be deemed as attachments to this contract and an important part of this contract.
2、 Delivery date, location, and method
1. Delivery date and delivery location: The content of the order (or clear text information) sent by Party B shall prevail. If Party B needs to change the delivery date, Party B shall notify Party A within 5 working days before shipment. Otherwise, the delivery date shall be postponed and Party A shall not be liable for overdue delivery.
2. Delivery method: According to the first option below, the freight shall be borne by Party B.
(1) The first party shall transport the goods to the location designated by the second party.
(2) Party A will handle the shipment on behalf of Party A.
(3) The goods shall be picked up by Party B.
3. After the goods are delivered by Party A to the logistics provider or Party B, the risk of damage or loss shall be borne by Party B.
3、 Payment settlement
1. Payment method:
(1) The settlement period is 30/60 days. Within 5 days after the end of each accounting period, both parties will reconcile the order quantity of the previous accounting period, confirm the resulting payment, and pay the previous accounting period's payment within 3 days after completing the reconciliation. If the payment for the goods is not made as agreed, Party B shall bear the liability for breach of contract as stipulated in this contract.
(2) The second party must transfer the payment to the bank account designated by the first party (non designated accounts or payment methods not negotiated shall be deemed invalid, otherwise all economic and legal consequences shall be borne by the second party).
2. The designated bank account information of Party A is as follows:
Account Name: Zhongshan Lichi Electric Motor Co., Ltd; Bank of Deposit: ICBC Zhongshan Xiaolan Taifeng Branch; Account: 2011004809200045997.
4、 Quality Standards and Product Acceptance
1. The product quality standards shall be accepted in accordance with the standards stipulated in this contract, relevant drawings, and specifications.
2. Based on the quality of the supplier's manufacturer, actual performance is confirmed by the manufacturer's qualification.
3. Acceptance process:
(1) On the day when Party A delivers the goods to the delivery location, both parties shall conduct on-site inspection of the goods in accordance with the above quality standards. The second party shall promptly arrange the acceptance of the above-mentioned goods.
(2) If Party B has any objections to the quantity, packaging, and appearance quality of the products, Party B shall raise them in writing to Party A from the date of delivery of the goods.
(3) The product shall be delivered to Party B for acceptance. If Party B does not raise any written objections within 7 days of acceptance, it shall be deemed as qualified. The second party shall not request rework, exchange, return, or claim compensation or fines based on product quality issues.
(4) The statements, purchase orders, delivery orders, and other documents related to the transaction approved by the employees of Party B shall be deemed as confirmed by Party B
5、 After sales service
1. Quality assurance period: The free warranty period for the product is 2 years, calculated from the date of acceptance.
2. During the warranty period, if Party B discovers that the products provided by Party A do not meet the quality requirements, Party B shall promptly notify Party A. Party A shall provide repair services or rework within 1 day after receiving the notification; But if the quality problems are caused by improper operation of the product by Party B or other reasons, Party A may provide repair services, but the cost shall be borne by Party B.
6、 Liability for breach of contract
1. If Party B fails to make payment on time, Party B shall pay Party A a penalty of 0.03% of the total amount owed for each day of delay. If the overdue period exceeds 7 days, Party A has the right to terminate this contract and may require Party B to bear a breach of contract liability of 20% of the total amount owed, and compensate Party A for all losses and expenses incurred due to rights protection (including but not limited to lawyer fees, litigation costs, preservation fees, notarization fees, travel expenses, etc.).
2. If the quality of the delivered goods does not meet the quality requirements stipulated in this contract, Party A shall promptly rework and bear all expenses incurred as a result.
3. If Party B unilaterally terminates this contract without the consent of Party A, Party B shall pay Party A a penalty of not less than 5% of the contract price.
7、 Force Majeure
During the term of this contract, if either party is unable to continue performing its contractual obligations due to force majeure, its liability may be partially or completely exempted based on the occurrence of force majeure. However, the party experiencing force majeure shall promptly notify the other party in writing of the occurrence of force majeure and provide proof documents issued by relevant government departments to the other party within 7 days after the occurrence of force majeure. If one party to the contract delays the performance of the contract and force majeure occurs, it cannot be exempted from liability.
8、 In any of the following circumstances, this contract may be terminated:
1. Both Party A and Party B reach a consensus through consultation;
2. If one party delays the performance of its main obligations and fails to fulfill them within 5 days after being urged;
3. If one party delays fulfilling its obligations or commits other breaches, resulting in the inability to achieve the purpose of the contract.
9、 Dispute Resolution
Any disputes arising from this contract shall be resolved through friendly and cooperative negotiations between Party A and Party B; If the negotiation fails, both parties agree to file a lawsuit with the people's court in the location of Party A.
10、 Delivery
All notices, documents, and materials from all parties shall be delivered by mail, fax, or email to the address specified in this contract. If there is a change in address, the party making the change must notify the other party in writing within 7 days of the change. Otherwise, the information specified in this contract shall prevail.
11、 Effectiveness and Components
1. Any matters not covered in this contract shall be supplemented by a supplementary agreement signed by both parties, which shall have the same legal effect as this contract.
2. This contract shall come into effect from the date of signing by both parties, and shall be made in duplicate, with each party holding one copy, and shall have equal legal effect.
Party A (seal): Party B (seal):
Legal representative/authorized representative: Legal representative/authorized representative:
Signing date: July 15, 2024 Signing date: July 15, 2024