Buyer & Seller Agreement

Sourced introduces Buyers and Sellers. Once introduced, the parties deal directly. Sourced is not a contracting party, guarantor, agent, escrow agent or insurer of any resulting Transaction, and earns no commission on it unless expressly agreed in writing.

A quotation is an invitation to negotiate unless the Seller states it is a firm offer with a stated validity period. Sellers should state currency, price basis, Incoterms 2020, MOQ, lead time, validity, tooling costs, packaging, tolerance and payment terms. Buyers should state specification, quality standard, quantity, delivery location, required certifications and acceptance criteria.

The parties should record their agreement in a purchase order, contract or pro-forma invoice covering specification, price, delivery, inspection and acceptance, warranty, remedy for non-conformity, liability, insurance, force majeure, confidentiality, intellectual property, governing law and dispute resolution. Platform messages are evidence of communications, not a substitute for a contract.

The Seller is responsible for the legality, safety, conformity and documentation of the goods it supplies. The Buyer is responsible for import, customs, duty, VAT, downstream obligations and any economic-operator duties it assumes in its market. Where goods originate outside the EU, the parties must identify who acts as importer and, where required, as authorised representative.

Payment terms are for the parties to agree. Before any transfer, verify bank details by a channel independent of email. Sourced never changes a supplier's bank details and will never ask you to redirect a payment. Treat any such request as fraudulent and report it through Support.

Buyers are encouraged to request samples, first-article inspection, third-party pre-shipment inspection and factory audits proportionate to order value and risk. Trust tiers on the Platform do not replace these steps.

Drawings, specifications, pricing and commercial terms exchanged through the Platform should be treated as confidential and used only to evaluate and perform the intended Transaction. The parties may put a separate non-disclosure agreement in place; Sourced is not a party to it.

Disputes are resolved directly between the parties under the contract they agreed. Sourced has no duty to mediate or adjudicate, accepts no liability for any outcome, and may at its discretion provide factual Platform records, restrict accounts or remove listings where conduct breaches our policies.