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This Contract can be constructed to cover the sale of goods or the exchange of services between to companies. If one business is providing goods or products to the other �A Contract for sale of goods� should be created. If one business is providing services to another �A Contract for services� should be created. If you require more detailed information before making your decision the following help topics can help: Sales Contract for Services

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What is deemed sales?

Deemed sales are those which are not really "sales" but have been deemed as sales. For instance, leasing and hire purchase transaction, works contract, transfer of right to use goods are instances of deemed sales that are taxed under the Sales Tax Act.


What is import sales contract?

An import sales contract is a legal agreement between a buyer and a seller for the purchase of goods from a foreign supplier. It outlines key terms such as the product specifications, quantity, price, delivery schedule, payment terms, and responsibilities of both parties. This contract not only helps ensure that both sides understand their obligations but also provides legal protection in case of disputes. It often includes clauses related to customs duties, shipping arrangements, and compliance with applicable laws.


Is commission paid on gross or net sales?

it depends what you negotiated with your employer in your contract. typically, gross sales is your total sale, and net sales would be your employer's "cut" of the sale. Ex. if you get 10% of a $10,000 sale (gross), you would take home $1000. if you get 10% of your employer's cut (net) on the same sale, you would take home $250. obviously, it is much better to be paid on gross sales than net sales - always negotiate in YOUR best interest. i work in the medical sales industry, and we are all paid on gross sales - but we negotiated for this. hope it helps!


Is sales commission an expense or cost of sales?

Sales commission is a Cost of sales. But the salary of a sales agent is an expense.


How do you calculate net credit sales?

Total sales - cash sales - sales return

Related Questions

What is the translation of Conditional Sales Contract in french?

sales contract conditional. contrat de ventes sous conditions


Is barter a sales contract?

A barter agreement can be an oral contract (subject to the statute of frauds) or a written contract.


What specific clause, when signed by all parties to a sales contract, changes the original terms of the contract?

The specific clause that, when signed by all parties to a sales contract, changes the original terms of the contract is known as an amendment clause.


Is forging a sales contract a felony?

Yes


Distinguish export sales contract and domestic sales contract?

The main difference between export sales contract and domestic sales contract is: 1. Relating to currency issues (both the country have different currency) 2. The second one is law related to export and import dispute (if any dipute arises between two country whose coutry law should be applicable to solve the dispute).


Who are prohibited to give a consent in a contract of sales?

The question is not worded too clearly - but - minors are legally incapable of givng consent to any sales or contract of obligation.


What are the duties of the buyer in a contract of sales of goods?

acceptance


Can you return a car if your spouse didn't sign the sales contract but they released the vehicle to you?

They don't sell cars to "couples" they sell cars to individuals. If there is one name on the contract, and that name has a signature, then the car is sold. They don't care if your spouse is in agreement. The spouse is not a factor in the contract. Yes, this is true provided that your spouses name is not on the sales contract. If you spouse is on the sales contract then it is not completed until he/she signs. -Edward


Can a sixteen year old be held to a legally binding sales contract?

No, they are a minor and the contract cannot be enforced.


Does your boss have to pay you for recurring sales?

depends on the terms of your contract


What is the annual wage of a singer?

"Singers" don't get a fixed annual wage. It all depends on record sales, merchandise sales, and what is in their contract.


What is export sales contract?

The initial document in any international transaction; it details the specifics of the sales agreement between the buyer and seller. ...