Document background
The Purchase And Supply Agreement serves as a foundational document for establishing long-term commercial relationships between suppliers and purchasers in Malaysia. It is particularly crucial for businesses engaged in regular procurement of goods or materials, providing a structured framework that governs the ongoing supply relationship. The agreement, compliant with Malaysian commercial law, typically includes detailed provisions on ordering procedures, delivery requirements, quality standards, pricing mechanisms, and risk allocation. It's essential for businesses seeking to establish secure supply chains, ensure consistent quality standards, and maintain reliable business relationships while protecting their interests under Malaysian jurisdiction. The document is commonly used in various industries from manufacturing to retail, and can be adapted to accommodate specific industry requirements or regulatory compliance needs.
