Description and usage Long Term Supply Agreement This legal template is for a supplier to sell products or materials to a purchaser at pre-determined prices with minimum/maximum annual quantities, all sales being made against purchase orders.
This is a fairly balanced agreement between supplier and purchaser with 11 clauses over 7 pages with a number of schedules. The clauses cover duration, quality of products, quantities and ordering procedures, delivery, risk and ownership, price and payment, termination and force majeure. What's in it? - See detailed Explanatory Notes below
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