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A Supply of goods agreement sets out the terms between a supplier who provides products and a buyer who purchases them regularly. These contracts are common in New Zealand retail, manufacturing, and distribution, spelling out crucial details like delivery schedules, pricing, quality standards, and payment terms.

Under NZ's Contract and Commercial Law Act 2017, these agreements protect both parties by clearly defining their rights and obligations. They typically include warranties about product quality, procedures for handling defective items, and conditions for terminating the relationship. Many Kiwi businesses use them to maintain reliable supply chains and manage risk in their operations.

You need a Supply of goods agreement when starting any ongoing business relationship involving regular product deliveries. This is especially important for New Zealand businesses ordering inventory, raw materials, or merchandise from suppliers - particularly when dealing with large quantities or high-value items.

Put this agreement in place before your first order to protect both parties under the Contract and Commercial Law Act. It becomes essential when coordinating multiple deliveries, managing specific quality requirements, or dealing with time-sensitive supplies. Many Kiwi retailers and manufacturers use these agreements to secure reliable supply chains and maintain consistent product standards.

• Basic Supply Agreement: A straightforward contract for regular product orders, typically used by small businesses and retailers in New Zealand
• Exclusive Supply Agreement: Limits the supplier to selling specific products only to the named buyer within an agreed territory
• Distribution Agreement: Combines supply terms with rights to resell products, common in wholesale arrangements
• Manufacturing Supply Agreement: Detailed specifications for custom-made goods, including quality standards and production timelines
• Framework Supply Agreement: Sets general terms while allowing for specific orders through separate purchase schedules

• Suppliers: Manufacturers, wholesalers, or distributors who provide goods regularly to business customers
• Buyers: Retail chains, manufacturers, or businesses purchasing inventory or materials for their operations
• Legal Teams: In-house counsel or external lawyers who draft and review agreements to ensure compliance with NZ law
• Procurement Officers: Staff who manage supplier relationships and negotiate contract terms
• Quality Managers: Personnel responsible for ensuring delivered goods meet specified standards
• Finance Teams: Staff handling payments, credit terms, and financial compliance under the agreement

• Party Details: Gather full legal names, addresses, and registration numbers of both supplier and buyer
• Product Specifications: List exact products, quantities, quality standards, and packaging requirements
• Delivery Terms: Define delivery schedules, locations, and responsibility for transport costs
• Payment Structure: Decide on pricing, payment terms, credit limits, and invoice procedures
• Quality Control: Outline inspection rights, rejection procedures, and warranty terms
• Risk Management: Consider insurance requirements, liability limits, and dispute resolution processes
• Duration: Set contract length, renewal options, and termination conditions

• Identification Clause: Full legal names and details of both supplier and buyer parties
• Product Details: Clear description of goods, specifications, and quality standards
• Pricing Terms: Fixed prices or pricing mechanisms, including any variation conditions
• Delivery Terms: Timing, location, and transfer of risk under NZ law
• Payment Terms: Payment schedules, methods, and consequences of late payment
• Duration: Contract term, renewal options, and termination rights
• Warranties: Product quality guarantees under Consumer Guarantees Act
• Dispute Resolution: Process for handling disagreements under NZ jurisdiction

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

• Subject Matter: Goods agreements deal with tangible products and physical inventory, while service agreements cover intangible work, expertise, or professional activities
• Quality Measurement: Product agreements specify exact specifications and standards for physical items, whereas service agreements focus on performance metrics and service levels
• Delivery Terms: Goods agreements include shipping, storage, and transfer of physical possession; service agreements emphasize timelines, milestones, and deliverables
• Legal Framework: Goods agreements fall primarily under the Sale of Goods Act, while service agreements are governed by general contract law and specific industry regulations