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Redact Performance Agreement Template

Redact Performance Agreement Template

Aug 6th, 2022

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How to Redact Performance Agreement Template

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The module discusses the responsibilities of sellers and buyers in sales transactions, emphasizing the seller's obligation to deliver goods and the buyer's duty to accept and pay for them. The code provides default rules as gap fillers for contract interpretation, though parties can modify these. It anticipates a single delivery of goods, termed "one-shot delivery," although sellers may divide deliveries if commercially reasonable. The terms "tender of delivery" and "tender of payment" are defined, indicating that delivery and payment are concurrent conditions—there can be no obligation to deliver without payment and vice versa, acknowledging the challenge of achieving a truly simultaneous exchange.

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