10. INDEMNIFICATIONS – The seller must defend and compensate the buyer, his successors, the beneficiaries of the assignment, the customers and users of his products of all losses and damages, including legal fees, as all claims and complaints require a violation or infringement of patents, trademarks or copyright resulting from the sale or use of the products offered here. , with the exception of the seller no liability for patent infringement for goods, to which the buyer provides complete specifications. The seller undertakes to protect, defend, compensate the buyer and compensate the buyer for any liability and expense resulting from an alleged or claimed defect of products, whether latent or patentable, including the allegedly incorrect design and construction, or non-compliance with the vendor`s explicit or implied specifications or guarantees or the alleged violation of a law. , regulations, administrative order, rule or regulation relating to the manufacture of the sale of products, including, but not limited to the federal Occupational Health and Safety Act of 1970, as amended. The seller also undertakes to obtain and maintain at his own expense, during the duration of the agreement, at his own expense, liability insurance as a result of the products, with the agreement of a seller, in this form and amount and in the company authorized in writing by the buyer. Proof of such insurance must be provided to the buyer upon request. For the purposes of this paragraph, the „product“ is considered to be all packaging provided by the seller. If you sell your business through a business broker, the broker may suggest that you use a generic business sales contract. However, this agreement may not be entirely suitable for your specific business.
Make sure you are aware of the warranties offered to be included in the generic agreement and discuss with the supplier and broker any guarantees you do not wish to give. If you know that you want to buy or sell certain goods, but you have not agreed to all the details or are not ready to sign a sales contract, you can first sign a letter of intent to outline the terms and the negotiation agreement. Remember – a general agreement can be amended by the parties to be more fit for the transaction, but only before the agreement is signed. You should have clear instructions from the manufacturer on what needs to be added to the list of. If the seller plans to remove something that the buyer might consider a device (for example, .B waste management unit or dishwasher), make sure that this is clearly covered in the purchase and sale contract. 16. INDUSTRIAL LAWS – The seller agrees that neither the seller, nor any of the persons who deliver materials or services or provide work or services, be employed by the purchaser in the sense or enforcement of a federal or national labour insurance law or another old age insurance law, another social security law. , a work allowance, an accident at work or some other labour or labour law.
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