A standard sales contract obligates one party to purchase goods or services for a predetermined price established in the contract. Some sales contracts are ongoing and can include a buyout clause.

Breach of contract on sales of goods can only occur if the sale involves a legally binding purchase contract between a buyer and a seller. Purchase agreements can be absolute or conditional, meaning ...

Notwithstanding the fact that the UN Convention on Contracts for the International Sale of Goods (CISG) has been in existence and United States has been a signatory since the 1980s, as shown by the ...

In 1936, the International Chamber of Commerce (ICC) developed a set of three-letter acronyms known as Incoterms for use in sale of goods contracts to allocate risk of loss and expenses between buyers ...

The EU is introducing better and clearer rules for both companies and consumers when it comes to sales of goods. The Council today adopted its position on the sales of goods directive, which is ...

The EU is introducing new rules to make it easier and safer to buy and sell both goods and digital content cross-border. The Council and Parliament negotiators agreed today on a package comprising a ...

Saudi Arabia has joined the UN Convention on Contracts for the International Sale of Goods (CISG), an international treaty that seeks to offer a framework for global goods contracts, according to a ...