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Trading Terms Agreement Template for Denmark

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Key Requirements PROMPT example:

Trading Terms Agreement

I need a Trading Terms Agreement governed by Danish law for a manufacturing company supplying industrial equipment to distributors across Scandinavia, with specific focus on quality control requirements and warranty terms for technical machinery.

What is a Trading Terms Agreement?

The Trading Terms Agreement serves as the cornerstone document for establishing and managing commercial relationships between business entities operating under Danish law. It is particularly crucial for businesses engaged in regular trading activities, whether domestic or international, providing a structured framework for ongoing commercial transactions. The agreement typically includes comprehensive terms covering ordering procedures, delivery conditions, pricing structures, payment terms, quality standards, and risk allocation, while ensuring compliance with Danish commercial law and relevant EU regulations. This document type is essential when parties need to establish a long-term trading relationship with clearly defined terms and conditions, rather than negotiating terms for each individual transaction. The agreement's scope can be tailored to accommodate various trading relationships, from simple supply arrangements to complex international distribution networks.

What sections should be included in a Trading Terms Agreement?

1. Parties: Identification of the contracting parties including full legal names, registration numbers, and addresses

2. Background: Context of the trading relationship and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Agreement: Overview of the trading relationship and services/products covered

5. Ordering Process: Procedures for placing and accepting orders

6. Delivery Terms: Terms and conditions for delivery, including timing and Incoterms

7. Price and Payment: Pricing structure, payment terms, invoicing, and payment methods

8. Quality Requirements: Quality standards, specifications, and compliance requirements

9. Title and Risk: Transfer of ownership and risk in the goods

10. Warranties: Warranties regarding products/services and performance

11. Liability and Indemnification: Limitation of liability and indemnification provisions

12. Term and Termination: Duration of agreement and termination rights

13. Confidentiality: Protection of confidential information

14. Force Majeure: Events excusing performance

15. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction

16. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

What sections are optional to include in a Trading Terms Agreement?

1. Intellectual Property Rights: Required when trading involves licensed products, software, or branded goods

2. Data Protection: Required when personal data is processed as part of the trading relationship

3. Export Control: Required for international trade or controlled goods

4. Sustainability Requirements: Used when incorporating environmental or social responsibility standards

5. Service Levels: Required when including specific performance metrics or service standards

6. Insurance: Required for high-value or high-risk trading relationships

7. Audit Rights: Used when quality control or compliance verification is crucial

8. Competition Law Compliance: Required when dealing with exclusive arrangements or market restrictions

9. Anti-Corruption: Required for international trade or public sector involvement

10. Business Continuity: Required for critical supply relationships

What schedules should be included in a Trading Terms Agreement?

1. Product Specifications: Detailed technical specifications of products

2. Price List: Detailed pricing information and discount structures

3. Service Level Agreement: Detailed performance metrics and service standards

4. Quality Control Procedures: Specific quality control and testing requirements

5. Delivery Locations: List of approved delivery locations and specific requirements

6. Key Contacts: Contact details for key personnel and escalation procedures

7. Technical Requirements: Detailed technical requirements and standards

8. Compliance Requirements: Specific regulatory or industry compliance requirements

9. Return Procedures: Procedures for handling returns and rejected goods

10. Special Terms for Specific Products: Product-specific terms and conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
















































Clauses









































Relevant Industries

Manufacturing

Retail

Wholesale Trade

Consumer Goods

Industrial Equipment

Technology

Automotive

Healthcare

Food and Beverage

Electronics

Chemical

Textiles

Construction Materials

Agriculture

Pharmaceuticals

Relevant Teams

Legal

Procurement

Sales

Supply Chain

Commercial Operations

Compliance

Finance

Operations

Risk Management

International Trade

Vendor Management

Contract Administration

Relevant Roles

Commercial Director

Procurement Manager

Sales Director

Supply Chain Manager

Legal Counsel

Contract Manager

Business Development Manager

Operations Director

Trading Manager

Compliance Officer

Commercial Operations Manager

Category Manager

Vendor Manager

International Trade Specialist

Risk Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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