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Tripartite Agreement For Supply Of Goods Template for India

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Key Requirements PROMPT example:

Tripartite Agreement For Supply Of Goods

"I need a Tripartite Agreement for Supply of Goods under Indian law for a manufacturing arrangement where my company will produce automotive parts, with a quality inspection agency as the third party and quarterly delivery schedules starting from March 2025."

Document background
The Tripartite Agreement For Supply of Goods is essential in complex supply chain arrangements under Indian jurisdiction where three parties need to formalize their relationships and obligations. This document is particularly useful when the supply arrangement requires an intermediary, facilitator, or guarantor in addition to the primary supplier and buyer. It addresses key aspects such as supply terms, quality standards, delivery schedules, payment mechanisms, and risk allocation while ensuring compliance with Indian contract law, the Sale of Goods Act, and other relevant legislation. The agreement is commonly used in scenarios involving manufacturing, distribution, or trading arrangements where third-party coordination or oversight is necessary for successful execution of the supply relationship.
Suggested Sections

1. Parties: Identifies and provides details of all three parties to the agreement - typically the supplier, buyer, and facilitator/guarantor

2. Background: Sets out the context of the agreement and the relationship between the three parties

3. Definitions and Interpretation: Defines key terms used in the agreement and establishes interpretation rules

4. Scope of Agreement: Outlines the primary purpose and scope of the tripartite arrangement

5. Roles and Responsibilities: Details the specific obligations and responsibilities of each party

6. Supply Terms: Specifies the goods to be supplied, quantities, quality specifications, and delivery terms

7. Pricing and Payment Terms: Details the pricing structure, payment schedule, and payment mechanisms

8. Delivery and Acceptance: Outlines delivery procedures, timelines, and acceptance criteria for the goods

9. Quality Control and Inspection: Establishes quality standards and inspection procedures

10. Warranties and Representations: Contains warranties and representations made by each party

11. Indemnification: Sets out the indemnification obligations of each party

12. Confidentiality: Establishes confidentiality obligations for all parties

13. Term and Termination: Specifies the duration of the agreement and termination provisions

14. Dispute Resolution: Details the process for resolving disputes between parties

15. Governing Law and Jurisdiction: Specifies Indian law as governing law and establishes jurisdiction

16. General Provisions: Contains standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Insurance: Required when specific insurance coverage needs to be maintained by parties

2. Intellectual Property Rights: Needed when the supply involves branded goods or proprietary technology

3. Force Majeure: Optional but recommended clause detailing events beyond parties' control

4. Step-In Rights: Required when one party needs rights to step in and perform obligations of another party in certain circumstances

5. Bank Guarantee: Include when financial security is required from any party

6. Compliance with Laws: Detailed section needed when supply involves regulated goods or cross-border transactions

7. Environmental Compliance: Required when supply involves environmentally sensitive goods or processes

8. Assignment and Subcontracting: Include when parties need specific rights to assign or subcontract obligations

Suggested Schedules

1. Schedule 1 - Product Specifications: Detailed technical specifications of the goods to be supplied

2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, including any volume-based pricing or discounts

3. Schedule 3 - Delivery Schedule: Detailed delivery timelines and locations

4. Schedule 4 - Quality Standards: Specific quality parameters and testing procedures

5. Schedule 5 - Service Level Agreement: Performance metrics and service levels to be maintained

6. Schedule 6 - Key Personnel: List of key contacts and authorized representatives from each party

7. Appendix A - Form of Purchase Order: Standard format for purchase orders under the agreement

8. Appendix B - Acceptance Test Procedures: Detailed procedures for acceptance testing of delivered goods

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses




















































Relevant Industries

Manufacturing

Retail

Wholesale Trade

Automotive

Electronics

Pharmaceuticals

Fast-Moving Consumer Goods (FMCG)

Industrial Equipment

Textiles

Agriculture

Chemical Industry

Construction Materials

Food and Beverage

Medical Devices

Relevant Teams

Legal

Procurement

Supply Chain

Operations

Finance

Compliance

Quality Assurance

Logistics

Commercial

Risk Management

Business Development

Vendor Management

Relevant Roles

Procurement Manager

Supply Chain Director

Legal Counsel

Contract Manager

Commercial Director

Operations Manager

Quality Assurance Manager

Logistics Manager

Chief Financial Officer

Risk Manager

Compliance Officer

Business Development Manager

Production Manager

Import/Export Manager

Vendor Relationship Manager

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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