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Long Term Supplier Agreement

Long Term Supplier Agreement Template for New Zealand

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Key Requirements PROMPT example:

Long Term Supplier Agreement

"I need a Long Term Supplier Agreement under New Zealand law for my technology manufacturing company to secure a stable supply of electronic components from January 2025, with specific focus on quality control measures and the ability to scale up orders based on demand."

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Document background
This Long Term Supplier Agreement is designed for use in commercial relationships where parties intend to establish an ongoing supply arrangement under New Zealand law. It is particularly suitable for businesses requiring a stable, long-term supply of goods or services with consistent quality and delivery standards. The agreement incorporates key requirements under New Zealand commercial law while providing flexibility to accommodate specific industry requirements and business needs. It includes comprehensive provisions for managing the supply relationship, from operational procedures to risk allocation, and is structured to support both current requirements and future growth of the business relationship. This type of agreement is essential when businesses need to secure their supply chain, establish clear performance metrics, and create a foundation for a strategic partnership.
Suggested Sections

1. Parties: Identification and details of the supplier and customer entities entering into the agreement

2. Background: Context of the agreement, relationship between parties, and purpose of the arrangement

3. Definitions and Interpretation: Defined terms used throughout the agreement and rules for interpretation

4. Term and Renewal: Duration of the agreement, including initial term and renewal provisions

5. Supply Obligations: Core obligations of the supplier, including quality standards, delivery requirements, and performance metrics

6. Ordering Process: Procedures for placing, accepting, and fulfilling orders

7. Pricing and Payment: Price structure, payment terms, invoicing requirements, and price review mechanisms

8. Delivery and Risk: Delivery terms, transfer of risk, acceptance procedures, and rejection rights

9. Quality Requirements: Quality standards, specifications, and quality assurance processes

10. Warranties: Supplier warranties regarding goods/services, compliance with laws, and standard of performance

11. Performance Monitoring: KPIs, reporting requirements, and performance review processes

12. Intellectual Property: IP ownership, licenses, and protection of existing IP rights

13. Confidentiality: Protection and handling of confidential information

14. Liability and Indemnities: Allocation of risks, limitation of liability, and indemnification obligations

15. Insurance: Required insurance coverage and minimum levels

16. Termination: Termination rights, grounds for termination, and consequences of termination

17. Force Majeure: Events excusing performance and related procedures

18. Dispute Resolution: Process for resolving disputes, including escalation procedures

19. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law

Optional Sections

1. Business Continuity: Required for critical supply relationships where continuous supply is essential

2. Environmental Compliance: Important for supplies involving environmental considerations or sustainability requirements

3. Data Protection: Required when personal data processing is involved in the supply relationship

4. Anti-Bribery and Corruption: Important for international supply relationships or high-risk industries

5. Modern Slavery Compliance: Relevant for supply chains with potential human rights risks

6. Security Requirements: Necessary for supplies involving sensitive information or critical infrastructure

7. Export Control: Required for international supply arrangements or controlled goods

8. Transition and Exit: Important for complex supply arrangements requiring detailed exit planning

9. Parent Company Guarantee: Required when supplier's financial strength needs additional support

10. Subcontracting: Necessary when supplier may need to subcontract certain obligations

Suggested Schedules

1. Products/Services Schedule: Detailed description of goods/services to be supplied

2. Pricing Schedule: Detailed pricing structure, rates, and calculation methodologies

3. Service Levels and KPIs: Detailed performance metrics and measurement criteria

4. Specifications: Technical specifications and requirements for goods/services

5. Sites and Delivery Locations: List of approved delivery locations and site-specific requirements

6. Key Personnel: Details of key personnel from both parties involved in contract management

7. Approved Subcontractors: List of pre-approved subcontractors if applicable

8. Forms and Procedures: Standard forms for ordering, reporting, and other operational procedures

9. Business Continuity Plan: Detailed continuity and disaster recovery procedures

10. Transition Plan: Implementation and transition requirements at commencement

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions













































Clauses








































Relevant Industries

Manufacturing

Technology

Retail

Food and Beverage

Construction

Healthcare

Energy

Telecommunications

Professional Services

Logistics and Supply Chain

Industrial Services

Agriculture

Mining and Resources

Relevant Teams

Procurement

Legal

Operations

Finance

Supply Chain

Risk and Compliance

Quality Assurance

Commercial

Contract Management

Vendor Management

Relevant Roles

Procurement Manager

Supply Chain Director

Commercial Manager

Legal Counsel

Operations Manager

Contract Manager

Chief Financial Officer

Risk Manager

Compliance Officer

Category Manager

Vendor Relations Manager

Business Development Manager

Quality Assurance Manager

Chief Operating Officer

Finance Director

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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