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Principal contract is a preliminary contract outlining the basic terms and conditions of future agreements between two parties.
Hướng dẫn Biểu mẫu
- Document code: F2-85
- Category: Đầu tư & Kinh doanh
- Name according to regulations: Principal contract
- Businesses or companies: Those who enter into the contract as a way to establish long-term cooperation, such as suppliers and buyers.
- Contractors and subcontractors: Entities engaged in a specific type of work that will be governed by the general principles laid out in the contract.
- Service providers: Companies providing services over a long term under pre-agreed terms, such as IT support, construction, or consultancy services.
- Suppliers: For supply chain agreements where the principle contract sets out terms for future deliveries of goods or services.
- Government agencies: If a government body uses the contract to manage recurring purchases or services from private vendors.
Principle contracts (also known as framework contracts) refer to specific situations where such contracts are typically applied. A principle contract sets out general terms and conditions for future transactions, without immediately specifying all details of each individual transaction
Accurately and fully fill in personal information, avoiding confusion or mistakes regarding important details, obligations, responsibilities of each party, contract duration, etc
Both parties agree to enter into a contract.
- Principle contract
- Contract
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