Ongoing supply of materials or products between supplier and buyer over time.
SUPPLY AGREEMENT
This Supply Agreement is made on [DATE] between [SUPPLIER NAME] ("Supplier") and [BUYER NAME] ("Buyer").
1. PRODUCTS AND SPECIFICATIONS
Supplier agrees to supply: [PRODUCT DESCRIPTION] meeting specifications detailed in Exhibit A.
2. QUANTITY AND DELIVERY
Minimum annual quantity: [MINIMUM QUANTITY]. Delivery schedule: [DELIVERY SCHEDULE]. Lead time: [LEAD TIME].
3. PRICING
Initial pricing: [PRICE STRUCTURE]. Price adjustments: [ADJUSTMENT MECHANISM] reviewed [FREQUENCY].
4. QUALITY ASSURANCE
Supplier shall maintain quality control systems and provide certificates of compliance with each shipment.
5. EXCLUSIVITY
This agreement [IS/IS NOT] exclusive. [If exclusive: Buyer agrees to purchase exclusively from Supplier.]
6. TERM AND RENEWAL
Initial term: [DURATION]. Automatic renewal for [RENEWAL PERIOD] unless terminated with [NOTICE PERIOD] notice.
SUPPLIER: _________________ BUYER: _________________
[SUPPLIER NAME] [BUYER NAME]
Date: ___________ Date: ___________
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A Supply Agreement establishes ongoing supplier relationships for materials or products, covering quantities, pricing, quality, and delivery terms.