A legitimate business that supplies goods to its customers tries its best to work in a safe and legal matter when transactions and deals are made. One great example of this instance is when a vendor or supplier always brings the goods to their customers with little to without complications. They always ensure that the products are safely delivered to the customers and ensure that they are all intact and in great condition.  In return, the customers are expected to pay the vendors the amount of the costs of the products they ordered. For this smooth transaction to happen, oftentimes, a contract between the vendor or supplier and the customers is made to make sure that what is expected of them is done properly. A contract is especially useful if the vendor is the main supplier for the customer and the products they deliver are in bulk. If you’re starting as a supplier, you need to know how to make the proper contract for this type of transaction. Read the article to know how to make a product supply contract.

10+ Product Supply Contract Samples

1. Product Supply Contract Template

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2. Restaurant Product Supply Contract Template

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3. Agriculture Product Supply Contract

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4. College Team Product Supply & Sales Contract

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5. Product and Services Supplier Contract

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6. Commercial Grade Product Supply Contract

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7. Product Supply Framework Contract

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8. Electric Product Supply Contract

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9. Air Product Supply Contract

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10. Laboratory Product Supply Contract

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11. Medical Product Supply Contract

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What is a Product Supply Agreement?

product supply agreement establishes the terms on which a seller will supply products to a buyer. The agreement must be written to ensure that products will reach the hands of the consumers quickly and with little complication. A well-drafted agreement will help ensure that all parties’ business requirements are satisfied on a timely and complete basis.

Details to Include a Product Supply Agreement

1. Introduction of Parties

The first part of the contract is where you identify all the parties involved in the contract. Write down the complete names of every party including their other personal information. Identify which party is the supplier and which party is the buyer. Write in the date on which the contract is effective in this section as well.

2. Agreement of Sale

This part of the contract is where you will state the terms of the supplier providing supplies to sell to the buyer such as the products that they will sell, the quantity and measurement of the products, the time when the buyer purchases the products, and the time when the supplies are delivered to the buyer.

3. Warranty and Cancellation

This section is where you discuss the warranty and limitation of remedies and disclaimer terms. This is also where you discuss the cancellation notice and terms when either party cancels a certain business transaction due to various reasons.

 

4. Delivery Details

This section is where you discuss how the delivery of products is arranged. Designated a certain time, date, and place that the supplier delivers the products to the buyer.

5. Pricing and Payment Terms

Include the price list of every product being supplied to the buyer in this section. The price list should include all taxes and fees involved in the sale transaction. Don’t forget to include your payment terms such as specifying how the invoice will be sent to the buyer and how they will pay for the supplies and additional services.

6. Additional Terms

Other important terms should be included in the contract such as:

  • Termination: Explain what certain actions or events will cause the contract to breach or to end effectively.
  • Force Majeure: This clause is what excuses any or both of the parties from completing their obligation in the contract due to some unforeseeable events or situations that may take place. Events such as natural disasters, strikes, wars, terrorism, etc. are examples of force majeure events. State how the parties will address these events when they occur.
  • Indemnification:  This provision gives responsibilities to both parties just in case problems arise in the future and protects each party from any financial consequences of the other’s illegal or harmful activities.

8. Signature Lines

Conclude your contract by providing signature lines for both parties to put their signatures and write down the date of when the contract is signed which will signify the validity of the legal binding of the contract.

FAQs

What is an example of supplies and services?

Supplies and services are goods and services that a business offers to customers that will help develop a new finished product. Some examples of the are maintenance and repair items and operating supplies.

What is product flow in supply chain?

The product flow in the supply chain involves the transportation of goods from a supplier to a customer.

Once you’re done drafting the agreement, make sure to review it first and check to see if there are any errors or wrong information being input. Discuss it first with your client and reach a mutual agreement before signing it. To help you get started making the contract, download our free sample templates above to use as your guide!

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