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Master Pricing Agreement
"I need a Master Pricing Agreement for our manufacturing company based in Mumbai to supply auto parts to multiple dealerships across India, including volume-based discounts and quarterly price review mechanisms, with the agreement starting from January 2025."
1. Parties: Identification of the contracting parties with full legal names and registered addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the master pricing arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Agreement: Overall framework of the pricing arrangement and its application
5. Pricing Structure: Core pricing principles, methodology, and mechanisms for price determination
6. Price Adjustments: Procedures and conditions for price modifications, including periodic reviews and adjustment formulas
7. Payment Terms: Payment conditions, invoicing requirements, and payment methods
8. Term and Termination: Duration of the agreement and circumstances for termination
9. Confidentiality: Protection of confidential information and pricing data
10. Representations and Warranties: Standard warranties regarding authority to contract and compliance with laws
11. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction details
12. Dispute Resolution: Process for resolving disputes, including escalation procedures
1. Volume Commitments: Include when there are minimum purchase obligations or volume-based pricing tiers
2. Currency and Exchange Rates: Required for international transactions or when dealing with multiple currencies
3. Most Favored Customer: Include when offering best pricing guarantees to the customer
4. Cost Pass-Through Provisions: Include when certain costs can be passed through to the customer
5. Performance Metrics: Include when pricing is linked to performance or service levels
6. Audit Rights: Include when parties need rights to verify pricing calculations or volume commitments
7. Force Majeure: Include when specific events should excuse pricing or volume obligations
8. Insurance Requirements: Include when specific insurance coverage is required due to nature of goods/services
9. Compliance with Laws: Include detailed compliance obligations when dealing with regulated industries
1. Schedule A - Price List: Detailed pricing for all products/services covered under the agreement
2. Schedule B - Price Adjustment Mechanism: Detailed formulas and procedures for price adjustments
3. Schedule C - Volume Discount Structure: Tiered pricing based on volume commitments if applicable
4. Schedule D - Service/Product Specifications: Detailed description of services/products covered under the pricing agreement
5. Schedule E - Key Performance Indicators: Metrics and measurements for performance-based pricing if applicable
6. Schedule F - Authorized Affiliates: List of affiliated entities authorized to use the pricing agreement
7. Appendix 1 - Form of Purchase Order: Standard template for purchase orders under the agreement
8. Appendix 2 - Escalation Matrix: Contact details and escalation procedures for pricing disputes
Authors
Manufacturing
Technology
Retail
Wholesale Distribution
Telecommunications
Professional Services
Healthcare
Automotive
Consumer Goods
Industrial Products
Energy
Logistics
Information Technology Services
Construction
Legal
Finance
Procurement
Sales
Commercial Operations
Business Development
Supply Chain
Contract Administration
Pricing
Account Management
Commercial Director
Procurement Manager
Sales Director
Contract Manager
Chief Financial Officer
Pricing Analyst
Legal Counsel
Business Development Manager
Supply Chain Manager
Finance Manager
Commercial Operations Manager
Account Executive
Vendor Manager
Category Manager
Strategic Sourcing Manager
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