This document is in two versions – English and Chinese. The supply agreement is for use where a supplier agrees 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.
This agreement can be used for manufactured products or raw materials.
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