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Supplier Agreement (Goods)

An agreement between a business and a supplier for the delivery of the agreed products.

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Supplier Agreement (Goods) – Define Clear Terms for Supplying Products

A Supplier Agreement (Goods) sets the foundation for a reliable, professional partnership between a buyer and supplier. It outlines crucial details such as item specifications, delivery schedules, payment terms, and the responsibilities of each party.

A Supplier Agreement made in Bind typically includes:

Supply of Goods

Clearly defines the goods, including their quality, specifications, and any warranties provided by the Supplier.

Pricing and Payment

Lists pricing in detail (with or without VAT), outlines how and when payments are made, and sets expectations for late payments. This ensures transparent financial transactions.

Delivery of Goods

Specifies delivery locations, schedules, and procedures. Clarifies when risk and ownership of goods transfer, and addresses any compensation or storage fees in case of delays or failed delivery.

Term and Termination

Establishes the agreement’s duration, as well as conditions for early termination (e.g., breach or insolvency). Details obligations after termination, such as final payments or cessation of supply.

Confidentiality

Protects both parties’ proprietary information, limiting how it can be shared or used.

Governing Law

States that the agreement is governed by the laws of England and Wales, clarifying the legal framework for dispute resolution.

Bind simplifies drafting, secure sharing, and signing of your Supplier Agreement, ensuring both buyer and supplier obligations are clearly documented and legally enforceable.

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