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Material Purchase Agreement
1. Parties: Identification of the seller and buyer with full legal names, registration numbers, and addresses
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Supply: Description of materials to be supplied and basic supply terms
5. Ordering Process: Procedures for placing and confirming orders
6. Prices and Payment: Pricing structure, payment terms, invoicing, and payment methods
7. Delivery and Risk: Delivery terms, Incoterms, transfer of risk, and delivery schedule
8. Quality and Inspection: Quality requirements, inspection rights, and acceptance procedures
9. Warranties: Warranties regarding material quality, fitness for purpose, and compliance with specifications
10. Liability and Indemnification: Limitations of liability and indemnification obligations
11. Force Majeure: Events constituting force majeure and consequences
12. Term and Termination: Duration of agreement and termination rights
13. Confidentiality: Protection of confidential information exchanged between parties
14. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Forecast and Volume Commitments: Include when parties agree to minimum purchase volumes or require regular forecasting
2. Consignment Stock: Include when materials will be held on consignment at buyer's premises
3. Price Adjustment Mechanism: Include for long-term agreements where prices may need periodic adjustment
4. Intellectual Property Rights: Include when materials involve patented or proprietary technology
5. Export Control: Include for cross-border transactions involving regulated materials
6. Sustainability Requirements: Include when specific environmental or sustainability standards must be met
7. Safety Data and Handling: Include for hazardous or specially regulated materials
8. Insurance Requirements: Include when specific insurance coverage is required
9. Bank Guarantee/Performance Security: Include when financial security is required
1. Schedule 1 - Material Specifications: Detailed technical specifications of materials to be supplied
2. Schedule 2 - Pricing Schedule: Detailed pricing information, including any volume-based discounts
3. Schedule 3 - Quality Requirements: Specific quality standards, testing procedures, and acceptance criteria
4. Schedule 4 - Delivery Schedule: Detailed delivery timeframes and locations
5. Schedule 5 - Key Performance Indicators: Performance metrics and measurement criteria
6. Appendix A - Order Form Template: Standard form for placing orders under the agreement
7. Appendix B - Technical Data Sheets: Detailed technical information about the materials
8. Appendix C - Safety Data Sheets: Safety information and handling instructions for materials
9. Appendix D - Contact Details: List of key contacts for both parties
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