Day: March 3, 2022

A framework is an agreement with suppliers to establish terms governing contracts that may be awarded during the life of the agreement. In other words, it is a general term for agreements that set out terms and conditions for making… Read More

2019july_OCR

A Call‐off Order is an order created to cover multiple supplies or deliveries from a single company. A Call‐off order may be applied in the following circumstances: 1. For a medium / long / regular term supply of the same… Read More

A blanket order is a purchase order the customer makes with its supplier which contains multiple delivery dates over a period of time, often negotiated to take advantage of predetermined pricing. It is normally used when there is a recurring… Read More

2018nov_OCR

1) Quiet Possession There is an implied warranty that the buyer shall have and enjoy quiet possession of the goods. 2) Free from Charge or encumbrance There is an implied warranty that the goods shall be free from any charge… Read More

2017nov_OCR

These are terms which though not agreed to by the parties, are an integral part of the contract. Theses terms may be implied by statutes or by a court of law. Terms implied By Statutes Certain statutes imply terms in… Read More

2017july_OCR

These are the oral and written terms agreed upon by the parties. Written terms prevail over oral terms. If contractual terms are written, oral evidence is generally not admissible to vary or explain the written terms. However, such evidence is… Read More