Long term supply agreement

About this document

Outsourcing is almost a necessity when handling a large project or when there is a need to engage another specialist to supplement your resources in a certain Contract work and to accomplish the same within a stipulated period when your own business is lacking in resources. This document template comes handy to define the relationship with a supplier, terms and conditions for its continuance and thus objectively satisfies the purpose and reasons, for the parties concerned.

This document can be used by a Company arranging terms with a supplier in India or abroad to supplement its obligations in a supply contract such as to furnish labor, materials, supplies, goods, tools, services, facilities, supervision, and/or administration necessary for the proper and complete performance on "the Prime Contract" assigned to the Company.

This can also be used by a Supplier capable of providing such and similar services to the Company, who has bagged the prime contract with the Principal.

Application and features

• suitable for goods supplies projects and adaptable for services
• suitable for foreign/domestic market
• ready for adaptation to particular needs of either or both parties
• comprehensive provisions provide ideas
• real law in simple English

Contents

• Supplier’s work responsibilities and obligations defined
• Supplier’s prices and payment terms
• Duration and termination
• Force majeure
• Indemnification
• Appropriate legal provisions - warranties, exclusions, indemnities, etc.
• Miscellaneous provisions and restrictive covenants