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Standard Supplier Agreement

Standard Supplier Agreement Template for India

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Key Requirements PROMPT example:

Standard Supplier Agreement

"I need a Standard Supplier Agreement governed by Indian law for a technology hardware supplier relationship, with strong quality control provisions and specific requirements for data security, as we'll be sharing sensitive product specifications."

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Document background
A Standard Supplier Agreement is a fundamental commercial contract used to establish and govern the relationship between a company and its suppliers for the recurring supply of goods or services. This document is essential for businesses operating in India who need to formalize their supplier relationships while ensuring compliance with Indian contract law and related regulations. The agreement covers crucial aspects such as scope of supply, quality requirements, delivery terms, pricing, payment conditions, warranties, and risk allocation. It's particularly important for maintaining consistency in supplier relationships and managing commercial risk. The Standard Supplier Agreement should be tailored to reflect specific industry requirements while maintaining compliance with Indian legislation, including the Indian Contract Act 1872, Sale of Goods Act 1930, and GST regulations. This agreement serves as a master agreement that can be supplemented with specific purchase orders or statements of work for individual transactions.
Suggested Sections

1. Parties: Identification and details of the supplier and customer, including registered addresses and company registration numbers

2. Background: Context of the agreement and brief description of the business relationship

3. Definitions: Key terms used throughout the agreement and their specific meanings

4. Scope of Supply: Detailed description of goods/services to be provided by the supplier

5. Term and Termination: Duration of the agreement and conditions for termination

6. Pricing and Payment Terms: Pricing structure, payment schedule, invoicing requirements, and payment methods

7. Delivery and Acceptance: Terms relating to delivery timelines, locations, and acceptance criteria

8. Quality Requirements: Quality standards, specifications, and quality control procedures

9. Warranties and Representations: Supplier warranties regarding goods/services and general business warranties

10. Indemnification: Mutual indemnification obligations and procedures

11. Confidentiality: Protection of confidential information and trade secrets

12. Intellectual Property Rights: Ownership and usage rights of IP involved in the supply relationship

13. Force Majeure: Provisions for unforeseen circumstances affecting performance

14. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute resolution

15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

Optional Sections

1. Insurance Requirements: Specific insurance coverage requirements - include when supply involves significant risks or high-value goods

2. Compliance with Laws: Specific regulatory compliance requirements - include when industry-specific regulations apply

3. Service Levels: Performance metrics and service level agreements - include for service-based agreements

4. Business Continuity: Disaster recovery and business continuity requirements - include for critical suppliers

5. Environmental Requirements: Environmental compliance and sustainability requirements - include when environmental impact is relevant

6. Import/Export Compliance: International trade compliance requirements - include for cross-border supply relationships

7. Data Protection: Data privacy and protection requirements - include when personal data processing is involved

8. Anti-Corruption Compliance: Anti-bribery and corruption provisions - include for high-risk jurisdictions or government-related contracts

Suggested Schedules

1. Schedule 1 - Goods and Services Specification: Detailed technical specifications of goods/services to be supplied

2. Schedule 2 - Pricing Schedule: Detailed pricing structure, rates, and any volume-based discounts

3. Schedule 3 - Service Levels and KPIs: Detailed service level requirements and performance indicators

4. Schedule 4 - Form of Purchase Order: Template for purchase orders under the agreement

5. Schedule 5 - Quality Standards: Detailed quality requirements and testing procedures

6. Schedule 6 - Contact Details: Key contact persons and escalation matrix

7. Appendix A - Insurance Requirements: Detailed insurance coverage requirements and minimum limits

8. Appendix B - Compliance Checklist: List of regulatory requirements and compliance standards

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

































Clauses









































Relevant Industries

Manufacturing

Technology

Retail

Healthcare

Construction

Automotive

Energy

Telecommunications

Food and Beverage

Pharmaceuticals

Logistics

Professional Services

Relevant Teams

Procurement

Legal

Finance

Operations

Supply Chain

Risk Management

Compliance

Commercial

Relevant Roles

Procurement Manager

Supply Chain Director

Legal Counsel

Commercial Manager

Contracts Manager

Chief Financial Officer

Operations Director

Vendor Manager

Category Manager

Sourcing Manager

Risk Manager

Compliance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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