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Long Term Supplier Agreement
"I need a Long Term Supplier Agreement for an automotive parts manufacturing business in India, with special focus on quality control standards and performance metrics, to be effective from January 2025."
1. Parties: Identification and details of the supplier and buyer entities
2. Background: Context of the agreement and business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Supply: Detailed description of goods/services to be supplied
5. Term and Renewal: Duration of agreement and renewal provisions
6. Ordering Process: Procedures for placing and accepting orders
7. Delivery Terms: Delivery timelines, locations, and logistics arrangements
8. Price and Payment: Pricing structure, payment terms, and invoicing procedures
9. Quality Requirements: Quality standards, specifications, and quality control procedures
10. Warranties: Warranties regarding products, services, and performance
11. Title and Risk: Transfer of ownership and risk in goods
12. Compliance: Legal and regulatory compliance obligations
13. Confidentiality: Protection of confidential information
14. Intellectual Property: IP rights and protections
15. Liability and Indemnity: Limitation of liability and indemnification provisions
16. Force Majeure: Events excusing performance
17. Termination: Termination rights and consequences
18. Dispute Resolution: Process for resolving disputes
19. Governing Law: Applicable law and jurisdiction
20. General Provisions: Standard boilerplate clauses
1. Insurance: Specific insurance requirements - include when high-value goods or significant risks involved
2. Business Continuity: Business continuity and disaster recovery requirements - for critical supply relationships
3. Environmental Compliance: Environmental standards and requirements - for environmentally sensitive industries
4. Data Protection: Data protection and privacy obligations - when personal data is processed
5. Anti-Corruption: Anti-corruption and ethics requirements - for international trade or public sector contracts
6. Import/Export: Import/export compliance - for international supply arrangements
7. Change Control: Process for managing changes - for complex or technical supplies
8. Security Requirements: Security protocols - for sensitive industries or government contracts
9. Performance Metrics: KPIs and service levels - for performance-critical supplies
10. Parent Company Guarantee: Parent company support - when supplier's financial strength is important
1. Schedule 1 - Product Specifications: Detailed technical specifications of products
2. Schedule 2 - Pricing Schedule: Detailed pricing, including any volume discounts or pricing mechanisms
3. Schedule 3 - Service Levels: Performance metrics and service level requirements
4. Schedule 4 - Delivery Locations: List of approved delivery locations and specific requirements
5. Schedule 5 - Quality Standards: Detailed quality requirements and testing procedures
6. Schedule 6 - Key Contacts: Contact details for key personnel on both sides
7. Schedule 7 - Form of Purchase Order: Standard form of purchase order to be used
8. Schedule 8 - Reporting Requirements: Templates and requirements for regular reporting
9. Appendix A - Insurance Requirements: Detailed insurance coverage requirements
10. Appendix B - Compliance Certificates: Required compliance certifications and documentation
Authors
Manufacturing
Automotive
Electronics
Fast-Moving Consumer Goods
Pharmaceuticals
Chemicals
Retail
Telecommunications
Information Technology
Industrial Equipment
Textiles
Food and Beverage
Construction Materials
Legal
Procurement
Supply Chain
Operations
Finance
Quality Assurance
Risk and Compliance
Commercial
Logistics
Production
Procurement Manager
Supply Chain Director
Commercial Director
Legal Counsel
Contract Manager
Chief Operating Officer
Sourcing Manager
Vendor Manager
Operations Manager
Quality Assurance Manager
Finance Director
Risk Manager
Compliance Officer
Managing Director
Business Development Manager
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