söluaðili

Söluaðili is an Icelandic term for a person or entity that sells goods or services. The word denotes the party that offers items for sale to customers and may operate as a retailer, wholesaler, distributor, or sales agent. In commercial practice, the söluaðili is typically the entity with responsibility for the sale and delivery of the goods to the buyer, depending on the structure of the business relationship.

Types of söluaðilar include retail sellers who sell directly to end users, wholesale sellers who supply retailers, and distributors or sales agents who promote or broker sales, sometimes without taking title to the goods. The term covers both individuals and companies engaged in the selling side of a transaction.

Legal context and obligations: Under Icelandic and broader European economic law, the söluaðili bears responsibilities related to the sale, including providing accurate product information, delivering as agreed, and complying with consumer protection rules. For consumer purchases, buyers typically have rights related to conformity with the contract, remedies for faulty goods, and transparent information about price and delivery terms. Warranties and after-sales service may be provided in line with applicable law and any contractual guarantees.

In practice, söluaðilar operating online or in cross-border trade must disclose essential information such as price, availability, delivery times, and return policies, and must handle payment and data protection in accordance with relevant laws. Examples include a local grocery store, an online storefront, or a car dealership acting as the selling party in a transaction.