Document background
The General Sales Agreement serves as a fundamental commercial contract template designed for use in the Philippine market, governed by Philippine law and compliant with local commercial regulations. This document is essential for businesses engaged in the regular sale and purchase of goods, whether in B2B or B2C contexts. It incorporates key provisions required under the Civil Code of the Philippines and related commercial legislation, addressing crucial aspects such as transfer of ownership, risk allocation, and warranty obligations. The agreement is structured to protect both sellers' and buyers' interests while ensuring enforceability under Philippine jurisdiction. It can be customized for various transaction types, from simple one-time purchases to complex ongoing supply arrangements, and includes provisions for contemporary business practices including electronic transactions where relevant.
