# Spot Month Contract Agreement
**This Spot Month Contract Agreement** ("Agreement") is made and entered into as of the ___ day of __________, 20__, by and between:
**Party A**: *[Full Legal Name]*
*Address*: [Address]
*Email*: [Email Address]
*Phone*: [Phone Number]
**Party B**: *[Full Legal Name]*
*Address*: [Address]
*Email*: [Email Address]
*Phone*: [Phone Number]
**Collectively referred to as the "Parties."**
## 1. Definitions
For the purposes of this Agreement, the following terms shall have the meanings ascribed to them:
1.1 **"Spot Month"** refers to the immediately forthcoming month in which the transaction will take place.
1.2 **"Goods"** refers to the items/services specified in Section 2 of this Agreement.
1.3 **"Purchase Price"** refers to the total amount to be paid for the Goods as specified in Section 3 of this Agreement.
## 2. Subject Matter
The Parties hereby agree that Party A shall sell to Party B, and Party B shall purchase from Party A, the following Goods:
- [Description of Goods]
- Quantity: [Quantity]
## 3. Purchase Price
The total Purchase Price for the Goods shall be:
$[Amount]
The Purchase Price shall be paid in accordance with the payment terms outlined herein.
## 4. Payment Terms
4.1 **Payment Due Date**: The Purchase Price shall be paid in full by Party B to Party A no later than [specific due date, e.g., the 10th day of the Spot Month].
4.2 **Payment Method**: Payments shall be made via [specify method, e.g., bank transfer, check, etc.].
4.3 **Late Payment**: In the event that payment is not received by the due date, Party B shall incur a late fee of [specify percentage or amount].
## 5. Delivery Terms
5.1 **Delivery Date**: The Goods shall be delivered on or before [specify delivery date].
5.2 **Delivery Location**: Delivery shall occur at [specify address or location].
5.3 **Risk of Loss**: The risk of loss or damage shall pass to Party B upon delivery of the Goods.
## 6. Representations and Warranties
Each Party represents and warrants the following:
6.1 They have the authority to enter into this Agreement and to perform their obligations hereunder.
6.2 The execution, delivery, and performance of this Agreement do not violate any law or regulation applicable to either Party.
## 7. Indemnification
Party B agrees to indemnify and hold harmless Party A from any claims, liabilities, expenses, or damages arising out of Party B's use or handling of the Goods, except in cases of negligence or willful misconduct by Party A.
## 8. Termination
8.1 **Termination for Cause**: Either Party may terminate this Agreement with immediate effect if the other Party breaches any material term and fails to rectify such breach within [specify time frame, e.g., 7 days] of receiving notice.
8.2 **Termination by Mutual Agreement**: The Parties may terminate this Agreement at any time by mutual written consent.
## 9. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [specify state].
## 10. Entire Agreement
This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements, understandings, or representations, whether oral or written.
## 11. Amendments
Any amendments or modifications of this Agreement must be in writing and signed by both Parties.
## 12. Notices
All notices required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been duly given when delivered in person, sent by email, or sent by certified mail to the addresses listed above.
**IN WITNESS WHEREOF**, the Parties hereto have executed this Agreement as of the date first above written.
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**Party A Signature:** _________________________
**Name:** [Printed Name]
**Title:** [Title]
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**Party B Signature:** _________________________
**Name:** [Printed Name]
**Title:** [Title]
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*This document is intended as a template and should be reviewed by a legal professional before use.*