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Trading Terms Agreement

Trading Terms Agreement Template for New Zealand

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Key Requirements PROMPT example:

Trading Terms Agreement

"I need a Trading Terms Agreement for my wholesale food distribution business in New Zealand, starting from March 2025, that includes specific provisions for perishable goods handling and temperature-controlled logistics."

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Document background
The Trading Terms Agreement serves as a foundational document for establishing and maintaining commercial trading relationships between businesses operating in New Zealand. It is particularly useful for ongoing supply arrangements where parties need a clear framework for their regular transactions. The agreement addresses key aspects of trading relationships including ordering processes, delivery terms, pricing mechanisms, payment conditions, and risk allocation. It incorporates requirements under New Zealand law while remaining flexible enough to accommodate various trading scenarios. This document is essential for businesses engaged in regular supply arrangements, whether as suppliers, purchasers, or distributors, and can be customized to suit specific industry requirements while maintaining compliance with relevant New Zealand legislation.
Suggested Sections

1. Parties: Identification and details of the parties entering into the trading relationship

2. Background: Context of the trading relationship and purpose of the agreement

3. Definitions and Interpretation: Key terms used throughout the agreement and rules for interpretation

4. Term and Commencement: Duration of the agreement and conditions for commencement

5. Supply Obligations: Core obligations regarding the supply of goods/services, including ordering process and delivery terms

6. Quality and Standards: Required quality standards, specifications, and compliance requirements

7. Pricing and Payment: Pricing structure, payment terms, invoicing requirements, and payment methods

8. Risk and Title: Transfer of risk and ownership of goods

9. Warranties: Warranties provided by each party regarding goods/services and general capabilities

10. Liability and Indemnities: Allocation of risks and responsibilities between parties

11. Termination: Circumstances and process for ending the agreement

12. Confidentiality: Protection of confidential information shared during the trading relationship

13. General Provisions: Standard legal provisions including governing law, notices, and dispute resolution

Optional Sections

1. Intellectual Property: Required when trading involves licensed IP, branded products, or technology transfer

2. Insurance: Detailed insurance requirements when high-value or high-risk goods are involved

3. Performance Metrics: Include when specific service levels or performance standards need to be maintained

4. Credit Terms: Required when extended payment terms or credit facilities are offered

5. Exclusivity: Include when parties agree to exclusive trading arrangements

6. Compliance with Laws: Detailed compliance obligations for regulated industries or products

7. Force Majeure: Include for long-term arrangements or where supply chain disruptions are a significant risk

8. Data Protection: Required when personal data or sensitive information is shared in the trading relationship

Suggested Schedules

1. Schedule 1 - Product Specifications: Detailed specifications of products or services covered by the agreement

2. Schedule 2 - Pricing Schedule: Detailed pricing information, including any volume discounts or special rates

3. Schedule 3 - Service Levels: Specific performance metrics and service level requirements

4. Schedule 4 - Order and Delivery Procedures: Detailed processes for ordering, delivery, and logistics

5. Schedule 5 - Key Contacts: Contact details for key personnel and escalation pathways

6. Appendix A - Standard Terms and Conditions: Standard trading terms that apply to all transactions

7. Appendix B - Quality Control Procedures: Detailed quality assurance and control processes

8. Appendix C - Return and Refund Policy: Procedures for handling returns, replacements, and refunds

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

Retail

Manufacturing

Wholesale Trade

Distribution

Fast-Moving Consumer Goods

Agriculture

Technology

Professional Services

Construction

Food and Beverage

Healthcare

Automotive

Industrial Supplies

Telecommunications

Energy

Relevant Teams

Legal

Commercial

Procurement

Supply Chain

Operations

Finance

Sales

Compliance

Risk Management

Business Development

Contract Administration

Relevant Roles

Commercial Manager

Procurement Manager

Supply Chain Manager

Contract Manager

Legal Counsel

Chief Commercial Officer

Operations Manager

Business Development Manager

Sales Manager

Account Manager

Finance Manager

Compliance Officer

Trading Manager

Category Manager

Vendor Manager

Industries








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

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