Tds On Construction Agreement

One of the criteria for distinguishing between “contract of sale” and “contract of enterprise” is the determination of ownership of the goods concerned. However, in the case of a contract of enterprise, even if some or all of the materials used belong to the contractor, the ownership of the thing produced is the performance, while, in the case of a contract of sale, the goods manufactured are generally the exclusive property of the party who performed the work before its delivery, and that person and ownership thereof shall be transferred to the other party only under contract; for the price. The mere transfer of goods used for the performance of a contract is not sufficient. To justify a sale, there must be an explicit or tacit agreement regarding the sale of goods and the conclusion of the contract by transfer of ownership to the goods for sale.