Document background
The Vendor Supply Agreement serves as a crucial commercial contract for businesses operating in India that require regular supply of goods or materials. This agreement is essential when establishing long-term supply relationships and requires careful consideration of Indian contract law, commercial practices, and industry-specific requirements. The document typically includes detailed provisions on ordering procedures, quality standards, delivery terms, warranties, and payment conditions, while incorporating necessary compliance with Indian regulations including GST requirements and industry-specific standards. It's particularly important for businesses seeking to formalize their supply chain relationships, manage supplier obligations, and establish clear performance metrics while ensuring legal protection under Indian jurisdiction.
