Sale and supply of goods

Introduction to the sale and supply of goods

Practice Note: Contracts for the sale and supply of goods—business to business provides an overview of the law and practice relating to the sale and supply of goods. It reviews the key legislation, including the Sale of Goods Act 1979 (SGA 1979) and the Supply of Goods and Services Act 1982 (SGSA 1982), as well as the Equality Act 2010 (EqA 2010), the Bribery Act 2010, the Modern Slavery Act 2015, the Criminal Finances Act 2017 and the Corporate Insolvency and Governance Act 2020, to the extent that they impact the sale and supply of goods. The Practice Note considers the use of standard terms and conditions versus bespoke agreements for use in documenting sale and supply of goods transactions, and it also considers the key terms of sale and supply of goods contracts being specification of goods, price and payment, delivery, acceptance, title and risk, retention of title, most favoured customer/supplier provisions, warranties and limitation of liability clauses. The Practice Note considers both business-to-business (B2B) and business-to-consumer (B2C) transactions