Document background
The Master Trade Agreement serves as the primary contractual framework for establishing and managing ongoing trading relationships between commercial parties under German law. It is typically used when parties anticipate regular, repeated transactions and need a comprehensive agreement that sets out standard terms, procedures, and obligations while maintaining flexibility for specific orders. The document incorporates requirements from German commercial law, including provisions from the German Civil Code (BGB) and Commercial Code (HGB), and can be adapted for various industries and trading relationships. It typically includes detailed provisions for ordering, delivery, quality control, pricing, and risk allocation, with schedules that can be updated to reflect changing commercial terms without amending the main agreement.
