Signing a Contract

A: This is the draft of the sales contract for the watches you are going to buy. Please go over it and see if everything is in order.

B: I have read the draft contract carefully. There is something I want to revise about Clause 8.
A: OK?
B: It’s concerning the payment. Your draft contract says that payment is to be made by D/P. We prefer to have the payment made by L/C through a negotiating bank in France.
A: We’ll take up the matter. OK?
B: OK. What’s the term of this contract?
A: This contract is valid for three years and would run for one year of the trial period. If everything is satisfactory, it could be renewed and extended two years. The contract will become void automatically, if both sides do not agree to renew it when time comes.
B: I understand. There is no question about that.


A: The contract contains basically all we have agreed upon during our negotiations. Anything else you want to bring up for discussion, Mr. Karl?
B: We don’t have any different opinions about the contractual obligations of both parties.
A: I hope this will lead to further business between us.
B: We also hope to further expanding our business with you.
A: Here are the two originals of the contract we prepared.
B: I am already to sign the agreement.
A: Let us sign the contract now. Please sign your name here.
B: I’m glad our negotiation has come to a successful conclusion.
A: We are sure both of us will have a brighter future.

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