A supply agreement for goods and/or services that sets forth the terms and conditions between the supplier and a buyer for the purchase and delivery of goods and/or services. To be used with a Statement of Work (“SOW”) as an appendix (free template in our platform). The supply agreement works as a master agreement and the SOW outlines the details of each order of goods and/or services.

Main sections:

• Definitions
• Purpose
• Inspection and acceptance
• Prices and payment
• Intellectual property rights
• Confidentiality
• Term and termination
• Non-solicitation
• Force majeure
• Amendments and assignment & No waiver and severability
• Entire agreement & Prevailing language
• Governing law & Dispute resolution
• Validity and signing

Optional sections:

• Relationship of the parties
• Supply of goods
• Supplier’s warranties (goods)
• Supply of services
• Supplier’s warranties (services)
• Packing
• Indemnification
• Limitation of liability
• Non-competition
• Data protection and anti-bribery
• Notice & Others

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All the best,

The team at thearkhives | 奥案