Terms & Condition for Purchase Order to be issued by a company
Originally published: 05/01/2021 14:13
Publication number: ELQ-80877-1
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Terms & Condition for Purchase Order to be issued by a company

This is Important Terms & condition Checklist to be included in your Purchase order document .

Description
This is Important Terms & Conditions we need to define in our purchase order .
While building & growing our start up we often ignore legal aspects of documents.
But issue of Purchase order is the most important step in procurement and lot of other things.
This document will give overview about Terms & Condition of Documents .
These documents have to be drafted very specifically , but once drafted it can be used for many times .
In this Document we have taken Taxation part as of Indian system , please change it accordingly .
HOW TO USE
Please go through this Template and use pointers to define your order .
We have provided sample and Industry Standard for below pointers , you can use them as it is in your Purchase order document or if required please edit accordingly .
This list is indicative more can be added .
1. SPECIFICATIONS
2. PACKING AND FORWARDING
3. DELIVERY
4. DESPATCH INSTRUCTIONS
5. RISK AND TITLE
6. INVOICES AND OTHER DOCUMENTS
7. PRICING
8.PAYMENT
9. TAXES & OTHER STATUTORY COMPLIANCES
10. INDEMNITY
11. SAFETY OF COMPANY'S PROPERTY
12. MISCELLANEOUS
13. JURISDICTION
14. NO BENEFIT
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