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What is a supply agreement?
A supply agreement states the terms and conditions under which one company will manufacture and supply goods to another. A supply contract may be exclusive or non-exclusive, include standards on product quality, and should state how product orders will be handled.
What is a manufacturing agreement?
A manufacturing agreement is between a manufacturer and a customer for the manufacture of goods or products. These terms, along with all the other provisions in a manufacturing agreement, make understanding the business deal, the products and the goals of the parties extremely important.
What should a supplier agreement include?
The name and addresses of both parties involved.
A description of the supplier's services and requirements.
Payments terms and frequency of payments.
Confidentiality clauses.
Refunds and compensation clauses.
Renewal terms.
Signatures, dates and witness signatures if applicable.
What is exclusive supply agreement?
Exclusive Supply Agreements: An exclusive supply agreement includes an agreement that restricts the purchaser from acquiring any goods or services from anyone other than the seller or any other person who may be nominated[vii].