What is included in a commodity sales agreement?

Answer by  Vladimir (459)

A commodity sales agreement is a document that stipulates the terms for transferring quantities of certain consumable products. Key terms that are covered include the quantity being purchased, the purchase price per unit, the delivery schedule, and the form/ to whom the commodity being acquired should be delivered.

Answer by  Jaggers (1018)

The commodity must be identified( cotton,sugar etc) the price must be clearly stated, and the time element must be defined. The seller and the buyer must be positively identified and recorded on the agreement. No mention of bribes ,kickbacks or other sales inducements (dinners, shows,escorts) although common to these types of transactions need be included.