Purchase Order and Terms & Conditions
A Purchase Order (PO) is a formal document issued by a buyer to a seller indicating the intent to purchase goods or services under specified terms. It acts as a binding agreement once accepted by the seller and provides a clear record of the order details.
The Terms and Conditions attached to a Purchase Order govern the transaction and typically include:
Description of goods or services being ordered
Pricing, payment terms, and delivery timelines
Quality standards and inspection rights
Terms for cancellation, returns, or refunds
Risk of loss, title transfer, and warranties
Indemnity, liability limitations, and applicable law
Together, the PO and its Terms & Conditions protect both parties by defining expectations and reducing the risk of conflict in the transaction.
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