Contract of sale

A contract in which one party, the seller, transfers to the other party, the buyer, the ownership of a good in exchange for payment of the agreed price. In practice, and subject to the applicable law, we can consider, in the absence of dispute, that the contract of sale is formed once the good is delivered and invoiced in accordance with the terms of the buyer's order and the seller's confirmation of the order.

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Tradeliner: Mid-market credit insurance