Supply Agreement Template Information

Summary

A 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 template?

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 should consider using a written agreement to give effect to the appointment.

What does a Supply Agreement Contract say?

The generic Supply Agreement template consists of: Parties; Definitions and Interpretation; Appointment and Duration; Fees; Supplier’s Responsibilities; Warranties; Restraints; Indemnity and Limitation of Liability; Breach; General.

What do you need to do to use a Supply Agreement Template?

• Read the template terms and conditions to ensure that they suit your requirements. Make changes as required.
• Ensure that all the blanks have been filled in.
• Get both parties to sign the completed contract.