¶¶Òõ¶ÌÊÓƵ

All Countries
Real Estate
Preferred Supplier Contract

Preferred Supplier Contract Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Preferred Supplier Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Preferred Supplier Contract

"I need a Preferred Supplier Contract for my technology manufacturing company to establish an exclusive relationship with a components supplier in Manchester, with minimum purchase commitments of £500,000 annually starting from March 2025."

Celebrated by
Collaborations with
Investors
Document background
A Preferred Supplier Contract is essential when organizations wish to establish long-term, strategic relationships with key suppliers. This agreement, governed by English and Welsh law, formalizes the preferred status of the supplier while setting out clear commercial terms, obligations, and benefits for both parties. It typically includes provisions for preferential pricing, service levels, volume commitments, and quality standards. The document is particularly valuable when companies want to streamline their procurement processes, ensure supply chain reliability, and leverage economies of scale.
Suggested Sections

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 of the supplier including quality, quantity, and delivery terms

5. Pricing and Payment: Price structure, payment terms, and invoicing procedures

6. Term and Termination: Duration of agreement and termination provisions

7. Warranties and Indemnities: Standard supplier warranties and indemnification provisions

Optional Sections

1. Service Levels: Specific performance metrics and KPIs - use when specific performance standards need to be measured

2. Volume Commitments: Minimum purchase obligations - use when there are guaranteed minimum purchase requirements

3. Exclusivity Provisions: Terms regarding exclusive supply arrangements - use when supplier is to be exclusive or preferred provider

4. Change Control: Process for managing changes to agreement terms - use for long-term or complex supply arrangements

Suggested Schedules

1. Products/Services Schedule: Detailed description of products/services to be supplied

2. Pricing Schedule: Detailed pricing structure and rates

3. Service Level Agreement: Detailed performance metrics and measurement criteria

4. Data Processing Agreement: Required if personal data processing is involved

5. Business Continuity Plan: Details of supplier's business continuity arrangements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses






























Relevant Industries
Relevant Teams
Relevant Roles
Industries

Sale of Goods Act 1979: Core legislation governing sale of goods, covering quality standards, fitness for purpose, title and delivery obligations, and remedies for breach of contract

Supply of Goods and Services Act 1982: Legislation governing service provision, including service quality standards, reasonable care and skill requirements, and timing and price provisions

Commercial Agents Regulations 1993: Regulations protecting commercial agents in their relationships with principals, particularly relevant if dealing with commercial agents

Consumer Rights Act 2015: Key legislation for business-to-consumer relationships, important if any B2C elements are present in the supply chain

Unfair Contract Terms Act 1977: Controls the use and enforceability of exclusion and limitation clauses, ensuring reasonableness of contract terms

Competition Act 1998: Ensures fair competition and prevents anti-competitive practices in supplier relationships

Enterprise Act 2002: Complements competition law framework and provides for market investigations

UK GDPR and Data Protection Act 2018: Governs the processing and handling of personal data, crucial for any data sharing aspects of the supplier relationship

Modern Slavery Act 2015: Requires transparency in supply chains and compliance statements regarding prevention of modern slavery and human trafficking

Bribery Act 2010: Sets out anti-corruption requirements and compliance obligations in business relationships

Common Law Contract Principles: Fundamental principles including offer, acceptance, consideration, intention to create legal relations, and capacity to contract

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Supplier Managed Inventory Agreement

find out more

Manufacturer And Supplier Agreement

find out more

Vendor Merchandise Agreement

A contract governed by English and Welsh law that establishes terms for merchandise supply between vendors and purchasers.

find out more

Wholesale Supplier Agreement

An English law agreement governing the wholesale supply of goods between supplier and business buyer.

find out more

Preferred Vendor Contract

An English law agreement establishing a preferred supplier relationship with specified terms, conditions, and benefits.

find out more

Agreement Between Manufacturer And Seller

A legally binding agreement under English and Welsh law establishing terms between a manufacturer and seller for the production and sale of goods.

find out more

Supplier Service Agreement

An English law agreement governing the provision of services between a supplier and customer, setting out key terms including scope, payment, and obligations.

find out more

Contract Between Manufacturer And Buyer

An English law agreement establishing terms between a manufacturer and buyer for the production and purchase of specified goods.

find out more

Commercial Supplier Agreement

A legally binding agreement under English and Welsh law that governs the supply of goods or services between a supplier and customer.

find out more

Supplier Non Compete Agreement

An English law agreement restricting a supplier's competitive activities to protect a company's legitimate business interests.

find out more

Supplier Relationship Agreement

An English law agreement governing the relationship between supplier and customer, establishing terms for ongoing supply of goods or services.

find out more

Agreement Between Supplier And Buyer

An English law agreement establishing terms for supply of goods or services between supplier and buyer.

find out more

Preferred Supplier Contract

An English law agreement establishing preferential terms between a customer and supplier for ongoing provision of goods or services.

find out more

Goods Supply Agreement

A contract under English and Welsh law establishing terms for the supply of goods between a supplier and buyer.

find out more

Retail Supplier Agreement

An English law agreement establishing terms between suppliers and retailers for product supply and retail sale.

find out more

Vendor Supplier Agreement

An English law agreement governing the supply relationship between a vendor and purchaser, establishing terms for goods/services supply.

find out more

Product Supply Agreement Between Manufacturer And Buyer

A legally binding agreement under English and Welsh law establishing terms for product supply between manufacturer and buyer.

find out more

Contract For Supply Of Goods And Services

An English law agreement governing the supply of goods and services between a supplier and customer.

find out more

Agreement Between Customer And Supplier

An English law agreement defining the commercial relationship between a supplier and customer, including supply obligations, payment terms, and mutual responsibilities.

find out more

Vendor Quality Agreement

A legally binding agreement under English and Welsh law establishing quality standards and requirements between vendors and purchasers.

find out more

Confidentiality Agreement For Vendors

An English law agreement protecting confidential information shared with vendors and establishing their obligations for maintaining confidentiality.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.

Draft quality legal agreements or review documents in 3 minutes

BlogAbout UsCareersAI Legal Document Generator

Templates

Short-Form Directors Loan AgreementMandate Letter (Best Efforts)Drawdown Request (Borrower to Lender)Promissory Note (UK)Letter of Waiver (Loan)Finance Legal Templates

Industries

Legal Services

Limited Power of AttorneyBasic Binding Side LetterLetter of IntentNon Binding Comfort LetterDeed of Surrender (Lease)Templates for Lawyers

Manufacturing

Manufacturing Legal Templates

Construction

Letter of Claim (Pre-Action Protocol)Tenancy at WillSection 146 Notice (Remedy Breach of Lease)Notice Of Forfeiture Of Lease By LandlordLease Report (Long Form)Construction Legal Templates

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information

© 2024 ¶¶Òõ¶ÌÊÓƵ. All rights reserved