Document background
The Framework Supply Agreement is designed for businesses operating in South Africa that require a structured, long-term supply arrangement. It is particularly useful when parties anticipate multiple transactions over time and need a master agreement to govern their ongoing relationship. This document type establishes the foundational terms for supply arrangements while accommodating South African regulatory requirements, including B-BBEE compliance, consumer protection, and data privacy laws. It typically includes mechanisms for ordering, pricing adjustments, quality control, and risk allocation, with specific schedules that can be updated without amending the main agreement. The framework nature allows for flexibility while maintaining consistency in the commercial relationship, making it ideal for both goods and services supply arrangements of significant value or strategic importance.
