Product Supply Agreement

1. Cost-Effective and Time-Saving: Crafting an agreement from scratch can be daunting and expensive if you’re starting with legal consultations right off the bat. A well-crafted template designed for the Australian market is a cost-effective solution. It saves you time and money, allowing you to fill in the specifics without the need to reinvent the wheel.
2. Convenience: You can start this process from the comfort of your own home. No need for back-and-forth meetings with lawyers when you can begin the draft yourself, making adjustments as needed before any legal review.
3. Comprehensive Coverage: A professional template covers all essential clauses. This includes everything from terms of the agreement to delivery specifics and payment terms. It’s drafted with industry standards in mind, ensuring you’re not missing out on critical elements.

The template contains the following clauses and has been drafted by Australian legal professionals.

• Interpretation
• Term of Agreement
• Placement of Orders and Supply of Products
• Risk and Delivery
• Price and Payment
• GST
• Warranty
• Insurance Policies
• Indemnity
• Confidential Information
• KPIs and Reporting
• Relationship
• Assignment
• Dispute Resolution
• Costs
• Termination
• Entire Agreement
• Variation
• Governing Law and Jurisdiction
• Partial Invalidity
• Survival
• Waiver
• Counterparts
• Notices
• plus appendices for Price Lists and Product Lists, and optional Key Performance Indicators, and Ethics and Compliance Standards

Key Clauses Explained:

• Term of Agreement: This specifies how long the agreement will last. For example, a one-year term that renews automatically unless terminated by either party provides clear expectations about the agreement’s lifespan.
• Placement of Orders and Supply of Products: It outlines how orders will be placed and fulfilled. It stipulates a minimum order quantity or sets forth delivery timelines, ensuring both parties understand the flow of goods.
• Risk and Delivery: This clause assigns responsibility for the goods at various stages of delivery. For instance, risk might pass to the buyer once goods leave the warehouse, clarifying when liability shifts.
• Price and Payment: It details how much and when the buyer needs to pay, perhaps including provisions for deposits or staged payments, which helps manage cash flow.
• GST: Essential for compliance with Australian tax law, this clause addresses how Goods and Services Tax is handled, ensuring transparency on pricing.
• Warranty: Guarantees the quality of the products supplied and outlines what happens if products are faulty, providing peace of mind and clear recourse.
• Insurance Policies: Requires the seller to maintain insurance, protecting both parties from potential losses due to unforeseen events.
• Indemnity: Protects against claims arising from the use or sale of the supplied products, a crucial safeguard for both parties.
• Confidential Information: Preserves the integrity of sensitive information shared during the supply relationship, crucial for maintaining trust.
• KPIs and Reporting: Sets benchmarks for performance and outlines reporting requirements, ensuring both parties are aligned in their expectations and understand performance metrics.

A Great Starting Point Even If Seeing a Lawyer:

Using a template doesn’t mean you can’t consult with a lawyer – quite the opposite. It provides a strong foundation with all the basic considerations neatly laid out. If you do choose to see a lawyer, you’ll have a well-informed starting point, making any legal review more straightforward and efficient. This approach streamlines the process, potentially reducing the time and cost of legal services, as your lawyer will be refining and customising rather than drafting from scratch.

So, whether you’re a startup or an established business, beginning with a template for your Product Supply Agreement not only makes sense—it’s a smart, proactive step that provides robust legal protection without spending a fortune on legal fees.

Buy Product Supply Agreement Template only $129 – Instant Download

The Product Supply Agreement Template kit includes a Comprehensive Users Guide allowing you to complete the agreement with ease.

All our professional documents are written by Australian lawyers in plain English. They come with easy to follow instructions and can be used any number of times. More importantly, our documents give you the confidence that comes with knowing your interests are protected.

View Sample Excerpt from the Agreement for Supply of Goods / Products

Buy Product Supply Agreement Template only $129 – Instant Download

This agreement will provide you with certainty and recourse in your product supply arrangements. It will help you to manage the risks associated with supply chain disruptions, quality issues and financial disputes by clearly defining the responsibilities of both the supplier and the buyer.