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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."
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
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
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
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
Legal
Procurement
Supply Chain
Operations
Finance
Compliance
Quality Assurance
Logistics
Commercial
Risk Management
Business Development
Vendor Management
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
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