The Agreement Between Supplier And Buyer is a fundamental commercial contract used when establishing a formal business relationship for the supply of goods or services. This document is essential for businesses operating in the United States and must comply with federal and state commercial laws, particularly the UCC. It typically includes detailed terms on product specifications, pricing structures, delivery schedules, quality requirements, and risk allocation. The agreement is particularly crucial for ongoing supply relationships and high-value transactions where clear terms and conditions are necessary to protect both parties' interests.
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1. Parties: Identification and details of the supplier and buyer
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Supply: Detailed description of goods/services to be provided
5. Pricing and Payment Terms: Price, payment schedule, and payment methods
6. Delivery Terms: Delivery schedule, location, and conditions
7. Quality Requirements: Quality standards and specifications
8. Term and Termination: Duration of agreement and termination conditions
9. Governing Law: Specification of applicable law and jurisdiction
1. Intellectual Property Rights: IP ownership and licenses - include when IP rights are involved in the supply relationship
2. Confidentiality: Protection of confidential information - include when sensitive information will be shared
3. Force Majeure: Provisions for unforeseeable circumstances - include for long-term or high-value supplies
4. Insurance Requirements: Required insurance coverage - include for high-risk or high-value supplies
5. Export Control: Export control compliance requirements - include for international trade
1. Schedule 1 - Product Specifications: Detailed technical specifications of products
2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices and quantity discounts
3. Schedule 3 - Service Level Agreement: Performance metrics and service standards
4. Schedule 4 - Quality Control Procedures: Detailed quality control processes and requirements
5. Schedule 5 - Delivery Schedule: Detailed delivery timelines and locations
Relevant legal definitions
Clauses
Relevant Industries
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