A Basic Supply Agreement is commonly used when businesses need to establish a formal arrangement for the regular supply of goods or services. Under English and Welsh law, this document sets out the essential commercial and legal terms governing the supply relationship, including pricing, delivery, quality standards, and payment terms. It's particularly useful for ongoing supply relationships where parties need clarity on their rights and obligations while ensuring compliance with relevant legislation such as the Sale of Goods Act 1979 and the Supply of Goods and Services Act 1982.
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1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Supply Obligations: Core obligations regarding supply of goods/services
5. Pricing and Payment: Price, payment terms, invoicing
6. Delivery: Delivery terms, timing, and logistics
7. Quality Requirements: Quality standards and specifications
8. Term and Termination: Duration and termination provisions
1. Service Levels: Specific performance metrics and KPIs - include for complex or critical supplies
2. Intellectual Property: IP rights and protections - include when IP is involved in supply
3. Data Protection: GDPR compliance provisions - include when personal data is processed
4. Insurance: Insurance requirements - include for high-value or high-risk supplies
1. Products/Services Schedule: Detailed description of goods/services to be supplied
2. Pricing Schedule: Detailed pricing structure including any volume discounts or special rates
3. Service Levels Schedule: Detailed performance metrics, KPIs and measurement methodology
4. Specification Schedule: Technical specifications and requirements for the goods/services
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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