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Supply Agreement

This Supply Agreement template is for use between a supplier and a buyer for the regular supply of goods. It outlines the terms and conditions governing the ongoing relationship, ensuring clarity on pricing, delivery, payment, and quality.

Updated 15d ago
supply agreementgoodssupplierbuyerprocurementsouthern africa

COMPANY LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

SUPPLY AGREEMENT

This Supply Agreement ("Agreement") is made and entered into as of {{date}} ("Effective Date"), by and between:

{{Supplier_Company_Name}}, a company duly incorporated under the laws of {{Supplier_Jurisdiction}}, with its principal place of business at {{Supplier_Address}} (hereinafter referred to as "the Supplier"); and

{{Buyer_Company_Name}}, a company duly incorporated under the laws of {{Buyer_Jurisdiction}}, with its principal place of business at {{Buyer_Address}} (hereinafter referred to as "the Buyer").

Hereinafter collectively referred to as "the Parties" and individually as "Party".

1. GOODS TO BE SUPPLIED

1.1. The Supplier agrees to supply and the Buyer agrees to purchase the goods as described in Schedule A (hereinafter referred to as "the Goods").

1.2. The Goods shall conform to the specifications, quality standards, and quantities set out in Schedule A, or as otherwise mutually agreed upon in writing by the Parties from time to time.

2. ORDERING PROCEDURE

2.1. The Buyer shall place orders for the Goods by submitting a written purchase order ("Purchase Order") to the Supplier.

2.2. Each Purchase Order shall specify the type, quantity, delivery date, and delivery location of the Goods required.

2.3. The Supplier shall confirm acceptance of each Purchase Order in writing within {{number}} business days of receipt. No Purchase Order shall be binding on the Supplier unless so accepted.

3. DELIVERY

3.1. The Supplier shall deliver the Goods to the Buyer at the address specified in the Purchase Order by the agreed delivery date.

3.2. Delivery shall be deemed complete upon the Buyer's written acknowledgement of receipt of the Goods.

3.3. Risk of loss or damage to the Goods shall pass to the Buyer upon delivery.

4. PRICE AND PAYMENT

4.1. The price for the Goods shall be as set out in Schedule B or as otherwise agreed in writing.

4.2. All prices are exclusive of any applicable taxes, duties, and levies, which shall be borne by the Buyer.

4.3. The Buyer shall pay the Supplier within {{number}} days from the date of the Supplier's invoice.

4.4. Payment shall be made via {{payment_method}} to the Supplier's nominated bank account.

5. WARRANTIES

5.1. The Supplier warrants that the Goods supplied shall be free from defects in material and workmanship for a period of {{warranty_period}} from the date of delivery.

5.2. The Supplier further warrants that the Goods shall conform to the specifications and are fit for the purpose for which they are intended.

6. TERM AND TERMINATION

6.1. This Agreement shall commence on the Effective Date and shall continue for an initial period of {{initial_term_years}} years, and thereafter automatically renew for successive periods of {{renewal_term_years}} years unless terminated earlier in accordance with this Agreement.

6.2. Either Party may terminate this Agreement by giving {{number}} days' written notice to the other Party in the event of a material breach of this Agreement by the other Party, which breach is not remedied within {{number}} days of receipt of written notice requiring its remedy.

7. GOVERNING LAW AND DISPUTE RESOLUTION

7.1. This Agreement shall be governed by and construed in accordance with the laws of {{Governing_Law_Jurisdiction}}.

7.2. Any dispute arising out of or in connection with this Agreement shall be resolved through good faith negotiations between the Parties. If the dispute cannot be resolved amicably, it shall be referred to arbitration in {{Arbitration_Location}} in accordance with the rules of {{Arbitration_Institution}}.

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

SUPPLIER:

_____________________________

Name: {{Supplier_Signatory_Name}}

Title: {{Supplier_Signatory_Title}}

Date: {{Supplier_Signature_Date}}

BUYER:

_____________________________

Name: {{Buyer_Signatory_Name}}

Title: {{Buyer_Signatory_Title}}

Date: {{Buyer_Signature_Date}}

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