A standard Supply Agreement is a useful contract to have available if you appoint suppliers to deliver goods or services to your organisation. This Supply Agreement can assist you to contract with suppliers, setting out each party’s rights and obligations, and including payment terms, warranties and confidentiality.
Summary This Supply Agreement can assist you to contract with suppliers appointed to provide goods or deliver services. It sets out each party’s rights and obligations, including financial considerations and confidentiality.
Why do I need a Supply Agreement? A generic Supply Agreement sets out the terms of your relationship with your Supplier, including the terms of payment and the performance required of the supplier, and strives to protect you in case things do go wrong. It can also assist you if you need to claim damages where the Supplier defaults or if you need to withhold payment in the event that the Supplier does not perform to the required standards. If your business appoints supplier to provide goods or to deliver services, you may consider using this agreement to give effect to the appointment.
What does the Supply Contract say? The generic Supplier Agreement consists of: Parties; Definitions and Interpretation; Appointment and Duration; Fees; Supplier’s Responsibilities; Warranties; Restraints; Indemnity and Limitation of Liability; Breach; General.
What does the Supplier Agreement look like? This template Supply Agreement can be printed onto twelve pages and is split into 3 sections:
- The Terms and Conditions of Supply;
- Confidentiality Agreement;
- Services Specification.
What do you need to do to use the Supply Agreement?
- Read the template terms and conditions of supply contract to ensure that it suits your requirements. Make changes as required.
- Ensure that all the blanks have been filled in.
- Get both parties to sign the completed contract.
Also viewed: Contractor Agreement
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