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Purchase And Supply Agreement Template for Singapore

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Purchase And Supply Agreement

"Need a Purchase and Supply Agreement for my tech manufacturing company to source electronic components from a Singapore supplier, with minimum order commitments of 10,000 units per quarter starting March 2025 and specific quality control requirements."

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What is a Purchase And Supply Agreement?

The Purchase And Supply Agreement is essential for businesses engaging in regular procurement or supply of goods in Singapore. This document establishes a formal relationship between suppliers and purchasers, detailing critical aspects such as product specifications, pricing mechanisms, delivery schedules, and quality requirements. It ensures compliance with Singapore's regulatory framework, including the Sale of Goods Act and Contract Law, while providing clear guidelines for ongoing supply arrangements. This agreement is particularly valuable for long-term supply relationships and helps minimize potential disputes by clearly defining parties' rights and obligations.

What sections should be included in a Purchase And Supply Agreement?

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 regarding supply of goods

5. Price and Payment: Pricing structure and payment terms

6. Delivery: Delivery terms, timing, and logistics

7. Quality and Specifications: Product specifications and quality requirements

8. Term and Termination: Duration and termination provisions

9. Governing Law: Applicable law and jurisdiction

What sections are optional to include in a Purchase And Supply Agreement?

1. Minimum Purchase Commitments: Used when buyer commits to minimum quantities - typically included in long-term supply relationships

2. Exclusivity: Exclusive supply/purchase arrangements - included for strategic partnerships

3. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term or high-value contracts

4. Insurance: Insurance requirements - essential for high-value or high-risk supplies

What schedules should be included in a Purchase And Supply Agreement?

1. Product Specifications Schedule: Detailed technical specifications of products

2. Pricing Schedule: Detailed pricing structure and mechanisms

3. Service Levels Schedule: Performance metrics and standards

4. Quality Control Procedures: Detailed quality assurance processes

5. Delivery Schedule: Detailed delivery timelines and locations

Authors

Alex Denne

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

Relevant legal definitions







































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Industries

Sale of Goods Act (SOGA): Primary legislation governing contracts relating to the sale of goods, defining rights and obligations of buyers and sellers, including implied terms about quality and fitness for purpose

Contracts Act (Cap. 53): Core legislation based on Common Law principles governing formation, validity, and enforcement of contracts in Singapore

Supply of Goods Act: Legislation regulating supply contracts and covering quality standards and fitness for purpose requirements

Consumer Protection (Fair Trading) Act: Legislation protecting consumer interests and regulating unfair trading practices, applicable if agreement involves consumer goods

Goods and Services Tax Act: Legislation governing tax implications for goods and services transactions in Singapore

Electronic Transactions Act: Legislation governing electronic transactions and digital contracts, relevant if contract execution or performance involves electronic means

Personal Data Protection Act (PDPA): Legislation governing the collection, use, disclosure, and care of personal data in Singapore

Competition Act: Legislation ensuring fair competition and regulating anti-competitive practices, particularly relevant for exclusive supply arrangements

International Trade Laws: Laws governing cross-border transactions, including Incoterms and import/export regulations

Limitation Act: Legislation setting time limits for legal actions and enforcement of contractual rights

Industry-specific Regulations: Regulatory requirements specific to particular industries or types of goods

Product Safety Standards: Mandatory safety standards and requirements for products under Singapore law

Licensing Requirements: Regulatory requirements for licenses and permits needed for specific types of goods or trading activities

Environmental Regulations: Laws and regulations governing environmental protection and compliance in relation to goods and supply chains

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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