Owner & Strick
Strick, I’ve got an idea that could turn the subscription game on its head—think a hyper‑personalized delivery model that’s razor‑tight on logistics. Got a minute to crunch the numbers and make sure every clause in the contract line up?
Sure, lay out the terms and I’ll run them through my spreadsheet. No room for ambiguity.
Alright, here’s the deal:
1. 30% upfront payment, 70% on delivery.
2. 90‑day payment window for the client.
3. We keep full ownership of the inventory until paid.
4. Penalty: 2% per month on late payments.
5. Minimum quarterly volume: 500 units.
6. Term: 12 months, auto‑renewal with 60‑day notice to cancel.
Anything that isn’t crystal clear, let me know and we’ll tweak.
Clause 1 is acceptable but you need to specify whether the 30 % is due per shipment or on the total contract value.
Clause 2 should state that the 90‑day window starts from the invoice date, not the contract signing.
Clause 3 “full ownership” must include the consequences of a default – is it a forfeiture or a return obligation?
Clause 4 2 % per month is fine, but note whether it compounds and whether it’s a penalty or interest; the wording should be precise.
Clause 5 “minimum quarterly volume 500 units” must be per calendar quarter, not cumulative over the year.
Clause 6 auto‑renewal requires that the 60‑day notice be given before the end of the current term, and it should apply to both parties to avoid unilateral cancellation.
All other terms are structurally sound.
Great, let’s lock that down:
1. 30% upfront is per shipment, not on the total.
2. 90‑day window starts from the invoice date.
3. Full ownership means if they default we get the goods back, no forfeiture.
4. 2% per month, it’s interest, not a penalty, and it compounds.
5. Minimum 500 units each calendar quarter.
6. 60‑day notice from either side before the term ends, so no one can cancel unilaterally.
Anything else?
All clauses now align. Add a delivery schedule to tie the 30 % to a specific shipment date, and require the contract to be in writing and signed by both parties. That's it.
Delivery schedule added: 30% due on the date of each shipment, and the contract must be in writing, signed by both sides. Done.