Long term supply agreement

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When there is a need to engage another supplier to supplement your resources in a certain supply Contract and to accomplish the same within a stipulated period, this document is of great help to settle terms, both commercial as well as legal.
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Document properties
  • Length:5 pages (1395 words)
  • Available in:
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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
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