QUESTION

summarizing your identification (1) and analysis of the key elements (2), along with the redlined clauses and comments.

Please help question 2

SALES CONTRACT Parties: Seller: XYZ Electronics Inc. Address: 123 Tech Lane, Cityville, State, ZIP Contact: sales@xyzelectronics.com Phone: (555) 123-4567 Buyer: ABC Retailers LLC Address: 456 Main Street, Townsville, State, ZIP Contact: purchasing @abcretailers.com Phone: (555) 987-6543 Product Details: Product: XYZ TechGadget X1000 Quantity: 100 units Unit Price: $500 per unit Total Price: $50,000 Delivery Terms: Delivery Date: [Specify delivery date] Delivery Location: ABC Retailers Warehouse, [Address] Shipping Method: [Specify shipping method]Payment Terms: Total Payment: $50,000 nnnnnn Payment Deadline: 30 days from the date of delivery Warranty: Duration: 12 months from the date of delivery Coverage: Defects in materials and workmanship Exclusions: Damage caused by misuse or unauthorized repairs Claims Process: Buyer must notify Seller within 15 days of discovering a defect Dispute Resolution: In case of any disputes arising from this contract, both parties agree to first attempt to resolve the matter through negotiation. If negotiation fails, the dispute will be referred to mediation and, if necessary, to arbitration in accordance with the rules of the American Arbitration Association. Termination: Either party may terminate this contract with written notice if the other party breaches a material term of the agreement. Governing Law: This contract shall be governed by and construed in accordance with the laws of the State of [state]. Signatures: Seller: [Signature] [Printed Name] [Date] Buyer: [Signature]