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A Supply of goods agreement sets out the terms when one party agrees to sell and deliver products to another party over time. In Hong Kong, businesses commonly use these contracts to establish reliable supply chains, covering everything from delivery schedules to quality standards and payment terms.

Under Hong Kong's Sale of Goods Ordinance (Cap. 26), these agreements protect both suppliers and buyers by clearly defining their rights and obligations. They typically include key details like product specifications, pricing mechanisms, minimum order quantities, and what happens if goods arrive damaged or late. Many local companies rely on these agreements to maintain stable business relationships with their suppliers across Asia.

Consider using a Supply of goods agreement when establishing any ongoing commercial relationship for product purchases in Hong Kong. This becomes especially important when ordering regular shipments of materials, components, or finished products from suppliers - particularly for manufacturing, retail, or distribution businesses.

The agreement proves vital when dealing with high-value orders, specific quality requirements, or time-sensitive deliveries. Having clear terms helps prevent disputes over pricing changes, delivery delays, or product quality. Local companies often implement these agreements before starting large orders or when expanding supplier relationships beyond one-off purchases to ensure compliance with Hong Kong's commercial regulations.

• Basic Supply Agreement: Covers standard terms for regular product deliveries, payment schedules, and basic quality requirements - ideal for straightforward retail or distribution relationships
• Exclusive Supply Agreement: Grants sole distribution rights within Hong Kong, including territorial restrictions and minimum purchase commitments
• Framework Supply Agreement: Sets general terms for multiple future orders, allowing flexibility on quantities and delivery dates while maintaining consistent pricing structures
• Manufacturing Supply Agreement: Contains detailed specifications for custom-made goods, quality control processes, and intellectual property protections
• Cross-Border Supply Agreement: Includes specific provisions for international shipping, customs clearance, and compliance with import/export regulations

• Manufacturers and Suppliers: Companies that produce or source goods, using these agreements to establish clear terms for selling their products
• Retailers and Distributors: Businesses that buy goods for resale, relying on these agreements to secure reliable product supply
• Corporate Legal Teams: In-house lawyers who draft and review Supply of goods agreements to protect their company's interests
• Procurement Managers: Professionals who negotiate terms, monitor compliance, and manage supplier relationships
• Quality Control Officers: Staff responsible for ensuring delivered goods meet the specifications outlined in the agreement

• Product Details: Gather precise specifications, quantities, quality standards, and any technical requirements
• Delivery Terms: Define delivery schedules, locations, shipping methods, and who bears transport costs
• Pricing Structure: Document unit prices, volume discounts, payment terms, and any price adjustment mechanisms
• Company Information: Collect accurate business registration details and authorized signatories from both parties
• Risk Management: Plan how to handle quality issues, delivery delays, and force majeure events under Hong Kong law
• Compliance Check: Verify the agreement meets Hong Kong's Sale of Goods Ordinance requirements

• Party Details: Full legal names, business registration numbers, and registered addresses of supplier and buyer
• Product Specifications: Detailed description of goods, quantities, quality standards, and packaging requirements
• Commercial Terms: Pricing, payment schedules, delivery terms, and any volume-based discounts
• Duration and Termination: Contract period, renewal options, and conditions for early termination
• Risk Allocation: Title transfer, liability limits, warranties, and insurance requirements
• Dispute Resolution: Choice of Hong Kong law, jurisdiction clauses, and arbitration provisions
• Force Majeure: Circumstances excusing non-performance under local regulations

A Supply of goods agreement differs significantly from a Supply of services agreement in several key aspects under Hong Kong law. While both establish commercial relationships, their core focus and legal requirements vary considerably.

• Subject Matter: Supply of goods deals with tangible products and their physical delivery, while services agreements cover intangible work, expertise, or professional activities
• Quality Assessment: Goods agreements focus on product specifications and conformity testing, whereas service agreements emphasize performance standards and service levels
• Legal Framework: Goods agreements fall under Hong Kong's Sale of Goods Ordinance, while service agreements are governed by common law principles of contract
• Risk Transfer: Goods agreements include specific points of title transfer and delivery terms, but service agreements typically focus on ongoing performance obligations