Supply Agreement
This Supply Agreement (“Agreement”) is entered into on [Date], by and between:
• Supplier: [Company Name], with a principal place of business at [Address].
• Buyer: [Company Name], with a principal place of business at [Address].
1. Products and Purchase Orders
1.1 Products
Supplier agrees to supply the following Products: [List or attach Schedule].
1.2 Purchase Orders
Buyer will issue written Purchase Orders (POs) specifying quantities, delivery dates, and prices.
2. Forecasts (If Applicable)
Buyer may provide rolling forecasts. Supplier will use best efforts to meet projected demand.
3. Pricing and Payment
• Prices: [Specify or reference an attached price list].
• Payment Terms: [e.g., Net 30 days from invoice date].
• Currency: [USD, EUR, etc.].
4. Delivery and Shipping
• Delivery terms: [Incoterms if relevant, e.g., FOB, CIF].
• Title and risk of loss pass upon [Delivery or Acceptance, as defined here].
5. Quality and Inspection
• Buyer may inspect Products upon receipt.
• Non-conforming goods: Buyer may reject or require replacement at Supplier’s expense.
6. Warranties
Supplier warrants the Products are free from defects in materials and workmanship for [Warranty Period].
7. Term and Termination
This Agreement remains in effect for [Initial Term, e.g., 1 year], automatically renewing unless terminated with [Number] days’ notice.
8. Confidentiality
Each Party shall protect any confidential information disclosed under this Agreement.
9. Governing Law and Dispute Resolution
This Agreement is governed by the laws of [State/Country]. Disputes to be resolved by [court or arbitration forum].
Signatures
Supplier: ______________________________ Date: __________
Name/Title: ___________________________
Buyer: ________________________________ Date: __________
