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Exclusive Purchasing Agreement
"Need an Exclusive Purchasing Agreement for our Singapore-based technology company to secure exclusive rights to purchase semiconductor components from a major supplier, with minimum purchase commitments of 10,000 units per quarter starting March 2025."
1. Parties: Identification and details of the buyer and seller
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Exclusive Purchase: Details of products/services covered and exclusivity terms
5. Purchase Commitments: Minimum purchase quantities, forecasting requirements
6. Pricing and Payment Terms: Price structure, payment methods, credit terms
7. Duration and Termination: Contract period, renewal terms, termination rights
8. Delivery Terms: Delivery schedules, logistics arrangements
1. Quality Assurance: Quality standards and inspection rights for manufactured goods or specific quality requirements
2. Territory Restrictions: Geographical limitations of the agreement when exclusivity is limited to specific regions
3. Performance Metrics: KPIs and performance measurement criteria when specific performance targets are crucial
4. Force Majeure: Provisions for unforeseen circumstances when supply chain disruptions are a significant risk
1. Product Specifications: Detailed technical specifications of products
2. Pricing Schedule: Detailed pricing structure, including volume discounts
3. Service Level Agreement: Specific performance metrics and standards
4. Delivery Schedule: Detailed delivery timelines and locations
5. Quality Standards: Specific quality requirements and testing procedures
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