tiktok³ÉÈË°æ

The Product Supply Agreement Between Manufacturer And Buyer is a fundamental commercial contract used in Malaysian business operations where there is an ongoing supply relationship between a manufacturing entity and its business customers. This document is essential when establishing regular supply arrangements for specific products, whether they are components, finished goods, or materials. It is structured to comply with Malaysian legal requirements, including the Contracts Act 1950, Sale of Goods Act 1957, and relevant industry regulations. The agreement typically covers all aspects of the supply relationship, from product specifications and quality standards to delivery terms and payment conditions, while incorporating necessary protections for both parties. It's particularly valuable for businesses seeking to establish stable, long-term supply relationships with clear terms and conditions under Malaysian jurisdiction.

1. Parties: Identification and details of the manufacturer and buyer, including registration numbers and registered addresses

2. Background: Context of the agreement, including brief description of the parties' businesses and purpose of the arrangement

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Supply Obligations: Core obligations of manufacturer to supply and buyer to purchase, including any minimum purchase commitments

5. Product Specifications: Detailed requirements for the products, including quality standards and compliance with Malaysian regulations

6. Ordering Process: Procedures for placing and accepting orders, lead times, and order modifications

7. Delivery Terms: Delivery arrangements, Incoterms, packaging requirements, and transfer of risk

8. Price and Payment: Product pricing, payment terms, invoicing procedures, and applicable taxes

9. Quality Control: Quality assurance procedures, inspection rights, and handling of non-conforming products

10. Warranties: Product warranties, quality guarantees, and compliance with Malaysian standards

11. Title and Risk: Transfer of ownership and risk allocation between parties

12. Term and Termination: Duration of agreement, renewal provisions, and termination rights

13. Confidentiality: Protection of confidential information and trade secrets

14. Force Majeure: Events excusing performance and procedures for handling force majeure situations

15. Governing Law and Dispute Resolution: Malaysian law as governing law and dispute resolution procedures

16. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement