Supplier Letterhead
{{company_name}}
{{company_address}}
{{phone}} | {{email}} | {{website}}
1. Parties
This Supply Agreement (the "Agreement") is made and entered into on this {{date_of_agreement}} day of {{month}}, {{year}},
BETWEEN:
{{supplier_company_name}}, a company duly incorporated and registered under the laws of {{supplier_country}}, with its principal place of business at {{supplier_address}} (hereinafter referred to as "the Supplier");
AND
{{buyer_company_name}}, a company duly incorporated and registered under the laws of {{buyer_country}}, with its principal place of business at {{buyer_address}} (hereinafter referred to as "the Buyer").
The Supplier and the Buyer are hereinafter collectively referred to as the "Parties" and individually as a "Party".
2. Recitals
2.1 The Supplier is in the business of manufacturing/supplying {{type_of_goods_supplied}}.
2.2 The Buyer desires to purchase, and the Supplier desires to supply the goods as per the terms and conditions set forth in this Agreement.
2.3 The Parties agree to be bound by the terms and conditions contained herein.
3. Supply of Goods
3.1 The Supplier agrees to supply and the Buyer agrees to purchase the goods as described in Schedule A (hereinafter referred to as "the Goods").
3.2 The Goods shall conform to the specifications, quality standards, and quantities as agreed upon by the Parties and detailed in Schedule A.
3.3 The Supplier shall ensure that the Goods are free from defects in material and workmanship and are of merchantable quality.
4. Delivery
4.1 The Supplier shall deliver the Goods to the Buyer at {{delivery_address}} by the agreed upon delivery dates specified in each duly authorized purchase order (hereinafter referred to as "Purchase Order").
4.2 Time of delivery is of the essence. Any delays in delivery must be communicated to the Buyer immediately, along with an estimated new delivery date.
4.3 Title and risk of loss for the Goods shall pass to the Buyer upon delivery at the specified delivery point, unless otherwise agreed in writing.
5. Price and Payment
5.1 The price for the Goods shall be as stipulated in Schedule B or as agreed upon in each Purchase Order.
5.2 All prices are exclusive of any applicable taxes, duties, and shipping costs, which shall be borne by the Buyer unless otherwise agreed.
5.3 The Buyer shall pay the Supplier within {{payment_terms_days}} days from the date of the invoice, unless otherwise specified in Schedule B or a Purchase Order.
5.4 Payments shall be made in {{currency}} to the bank account specified by the Supplier.
6. Warranties and Remedies
6.1 The Supplier warrants that the Goods supplied shall conform to the specifications and be free from defects for a period of {{warranty_period}} from the date of delivery.
6.2 In the event of any non-conforming or defective Goods, the Buyer shall notify the Supplier within {{defect_notification_days}} days of discovery.
6.3 The Supplier shall, at its option, promptly replace or repair the defective Goods, or issue a credit note for the purchase price of the defective Goods.
7. Confidentiality
7.1 Both Parties agree to keep confidential all non-public information disclosed by one Party to the other, whether written or oral, that is designated as confidential or which by its nature ought to be considered confidential.
7.2 This obligation of confidentiality shall survive the termination of this Agreement for a period of {{confidentiality_period}} years.
8. Governing Law and Dispute Resolution
8.1 This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_country}}.
8.2 Any dispute arising out of or in connection with this Agreement shall be resolved through good faith negotiations between the Parties.
8.3 If the Parties are unable to resolve the dispute amicably, they agree to submit the dispute to mediation in {{mediation_city}}, {{mediation_country}}.
8.4 If mediation is unsuccessful, the dispute shall be finally settled by arbitration in accordance with the rules of the {{arbitration_institution}} in {{arbitration_city}}, {{arbitration_country}}.
9. Force Majeure
9.1 Neither Party shall be liable for any failure or delay in performing its obligations under this Agreement if such failure or delay is caused by circumstances beyond its reasonable control, including but not limited to acts of God, war, terrorism, riots, embargoes, fire, floods, earthquakes, or strikes (a "Force Majeure Event").
9.2 The Party affected by a Force Majeure Event shall promptly notify the other Party and shall use all reasonable endeavors to resume performance as soon as practicable.
10. Entire Agreement
This Agreement, including all attached schedules, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.
11. Signatures
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
For and on behalf of the Supplier:
_____________________________
Name: {{supplier_signatory_name}}
Title: {{supplier_signatory_title}}
For and on behalf of the Buyer:
_____________________________
Name: {{buyer_signatory_name}}
Title: {{buyer_signatory_title}}
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