An important condition of the supply contract is that the buyer must use the purchased goods for business purposes. If the goods are purchased for personal use, such a relationship cannot be formalized through a supply contract. As a supplier can be any legal and natural person who carries out business activities.
The supply contract is made in writing. The moment of conclusion of such agreement shall be determined by the moment when all essential terms and conditions are stated in the agreement and signed by both parties. If the parties to the contract are individual entrepreneurs and the amount of the contract does not exceed 10 times the size of the minimum wage, the supply contract can be concluded orally. Continue reading