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Long Term Supplier Agreement Template for Singapore

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Key Requirements PROMPT example:

Long Term Supplier Agreement

"Need a Long Term Supplier Agreement governed by Singapore law for regular supply of automotive parts from a Malaysian manufacturer, with quarterly price reviews and minimum order commitments starting from March 2025."

Document background
The Long Term Supplier Agreement is essential for businesses seeking to establish stable, long-term supply relationships in Singapore's commercial environment. This document is particularly relevant when parties require a comprehensive framework for regular supply arrangements, typically spanning multiple years. It addresses key aspects including supply obligations, quality standards, pricing mechanisms, and risk allocation, while ensuring compliance with Singapore's commercial laws and regulations. The agreement is designed to provide clarity and certainty in ongoing business relationships while maintaining flexibility for changing market conditions.
Suggested Sections

1. Parties: Identification and details of contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Supply Obligations: Core obligations regarding supply of goods/services

5. Pricing and Payment: Price structure, payment terms, invoicing

6. Quality and Standards: Quality requirements and applicable standards

7. Term and Termination: Duration and termination provisions

8. Warranties and Indemnities: Guarantees and protection provisions

Optional Sections

1. Intellectual Property: IP rights and protections when IP rights are involved in supply

2. Data Protection: Data handling and privacy requirements when personal data is processed

3. Force Majeure: Provisions for unforeseen circumstances, recommended for long-term or high-value contracts

4. Export Control: Export compliance requirements for international supply arrangements

Suggested Schedules

1. Products/Services Schedule: Detailed description of supplied items

2. Pricing Schedule: Detailed pricing structure and mechanisms

3. Service Levels: Performance metrics and standards

4. Quality Standards: Detailed quality requirements and specifications

5. Key Personnel: List of key contacts and responsibilities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


































Clauses








































Industries

Contract Law of Singapore: Primary legislation based on English common law principles governing formation and enforcement of contracts

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and limits the extent to which civil liability can be excluded in contracts

Electronic Transactions Act: Governs electronic contracts and digital signatures, providing legal recognition for electronic transactions

Sale of Goods Act (Cap. 393): Regulates contracts for the sale of goods, including rights, duties and remedies of buyers and sellers

Supply of Goods Act: Governs the supply of goods and related services, including implied terms and conditions

Competition Act (Cap. 50B): Regulates anti-competitive practices, particularly relevant for exclusive arrangements in supplier agreements

International Enterprise Singapore Board Act: Framework for international trade promotion and overseas enterprise development

Regulation of Imports and Exports Act: Controls and regulates imports and exports, including licensing requirements

Customs Act: Governs customs procedures, duties, and related trade matters

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and provides additional rights in consumer transactions

Consumer Protection (Trade Descriptions and Safety Requirements) Act: Ensures accurate trade descriptions and safety standards for goods

Patents Act: Protects intellectual property rights related to inventions and technical innovations

Trade Marks Act: Protects brands, logos, and other distinctive marks used in trade

Copyright Act: Protects original works and regulates their use and reproduction

Personal Data Protection Act 2012 (PDPA): Governs collection, use, disclosure, and protection of personal data

Arbitration Act: Framework for arbitration as a dispute resolution mechanism

Mediation Act: Regulates mediation proceedings and enforceability of mediated settlements

UN Convention on Contracts for the International Sale of Goods (CISG): International framework for cross-border sale of goods, if applicable to the agreement

Incoterms: International commercial terms defining responsibilities of buyers and sellers in international transactions

Foreign Exchange Regulations: Rules governing currency exchange and international payments in trade transactions

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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