What is a Supply Contract?
When to use a Supply Contract:
- Your business will be selling products to another business.
- Your business will be purchasing products from another business.
This Supplier Agreement (this "Agreement") is made effective as of , between , of , , ("Supplier"), and , of , , ("Customer").
. ITEMS PURCHASED. Supplier agrees to sell, and Customer agrees to buy, the following products (the "Goods") in accordance with the terms and conditions of this Agreement:
|Description||Quantity||Unit Price||Total Price|
. PAYMENT. Payment shall be made to
In addition to any other right or remedy provided by law, if fails to pay for the Goods when due, has the option to treat such failure to pay as a material breach of this Agreement, and may cancel this Agreement and/or seek legal remedies.
. DELIVERY. Time is of the essence in the performance of this Agreement. arrange for delivery, by carrier chosen by Supplier, make the Goods available to Customer
SHALL IN NO EVENT BE LIABLE FOR ANY INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES OF ANY NATURE, EVEN IF HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
. INSPECTION. The Customer, upon receiving possession of the Goods, shall have a reasonable opportunity to inspect the Goods to determine if the Goods conform to the requirements of this Agreement. If the Customer, in good faith, determines that all or a portion of the Goods are non-conforming, the Customer may return the Goods to the Supplier at the The Customer must provide written notice to the Supplier of the reason for rejecting the Goods. The Supplier will have days from the return of the Goods to remedy such defects under the terms of this Agreement.
. DEFAULT. The occurrence of any of the following shall constitute a material default under this Agreement:
|a. The failure to make a required payment when due.|
|b. The insolvency or bankruptcy of either party.|
|c. The subjection of any of either party's property to any levy, seizure, general assignment for the benefit of creditors, application or sale for or by any creditor or government agency.|
|d. The failure to make available or deliver the Goods in the time and manner provided for in this Agreement.|
. REMEDIES ON DEFAULT. In addition to any and all other rights available according to law, if either party defaults by failing to substantially perform any material provision, term or condition of this Agreement (including without limitation the failure to make a monetary payment when due), the other party may elect to cancel this Agreement if the default is not cured within days after providing written notice to the defaulting party. The notice shall describe with sufficient detail the nature of the default.
. NOTICES. Any notice or communication required or permitted under this Agreement shall be sufficiently given if delivered in person or by certified mail, return receipt requested, to the addresses listed above or to such other address as one party may have furnished to the other in writing. The notice shall be deemed received when delivered or signed for, or on the third day after mailing if not signed for.
. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties regarding the subject matter of this Agreement, and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.
. AMENDMENT. This Agreement may be modified or amended if the amendment is made in writing and signed by both parties.
. SEVERABILITY. If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.
. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.
. APPLICABLE LAW. This Agreement shall be governed by the laws of the State of .
. SIGNATURES. This Agreement shall be signed by on behalf of and by on behalf of .