A Counter Purchase Agreement is an agreement declaring the terms and conditions of a counter-purchase transaction. Counterpurchase is a type of countertrade where a sales transaction corresponds to a reciprocal purchase of products from the buyer’s country.

The template typically includes details such as:

1. Parties Involved: Identification of the buyer and seller.
2. Goods and Services: Description of the sold and purchased goods or services.
3. Payment Terms: Details on payment methods, including the use of escrow accounts and bank guarantees.
4. Delivery and Inspection: Specifications for delivery, inspection, and quality control.
5. Warranties and Guarantees: Any warranties or guarantees provided by the seller.
6. Dispute Resolution: Procedures for resolving disputes.
7. Counterpurchase Ratio: The percentage of the original sale that the seller must purchase from the buyer’s country.
8. Duration of Counterpurchase Commitment: The time frame during which the seller must fulfill the counterpurchase obligation.

The Agreement ensures that all necessary aspects of the counter-purchase agreement are covered, providing a clear and legally binding contract for both parties involved.

In essence, a counter purchase agreement is a type of countertrade where two parties enter into separate sales contracts, agreeing to both buy from and sell to each other. This arrangement closely resembles a Bartering Agreement, where parties exchange goods or services directly, without using money.

Both counter-purchase agreements and bartering agreements facilitate mutual benefit by clearly defining the terms of exchange and ensuring each party fulfills its commitments, fostering trust and cooperation between the involved parties.