Long Term Goods Supply Agreement
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
Long Term Goods Supply Agreement between a supplier who manufactures and sells goods and a customer who will purchase and resell the goods as finished products. This agreement is not for use when a customer is selling goods "as is."
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It sets forth the quantities of products to be sold, minimum orders based on a percentage of the customer's requirements and timing of customer orders. It also sets forth: (i) that the customer shall notify the supplier, in writing, of any estimated forecasts for yearly orders; and (ii) how the customer will be notified by the supplier in the event of orders that are beyond its capacity.
This agreement also contains provisions regarding terms of sale including supplier's terms and conditions and restrictions on use of products, and product specifications and warranties. Provisions regarding delivery of the products, pricing and payment terms, available discounts and rights of termination are also addressed within this agreement.
This Long Term Goods Supply Agreement includes the following provisions:
- Parties: The names of the supplier and customer;
- Minimum Orders/Timing: Sets forth the minimum order a customer may place in any year and that these orders must be placed within a specific number of days before each quarter;
- Reports: Customer will supply a report to supplier at the end of year which shows the total quantity of products, percentage ordered from supplier and average quarterly quantity ordered from supplier;
- Manufacturer/Delivery: Supplier will make all efforts to manufacturer the necessary products and will deliver products to the premises supplied by the customer;
- Signatures: This agreement must be signed by both supplier and customer.
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This attorney-prepared packet contains:
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- Instructions and Checklist
- Long Term Goods supply Agreement
Long Term Goods Supply Agreement
Product Details
| Product | Long Term Goods Supply Agreement |
| Country | United States |
| Pages | 16 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Management & Manufacturing Agreements |
| Product number | #43626 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
A Long Term Goods Supply Agreement is a legal contract between a supplier and a customer that outlines the terms for the supply of goods over an extended period. It specifies quantities, delivery schedules, and other critical terms to ensure both parties understand their obligations.
This agreement is suitable for businesses that manufacture or sell goods and wish to establish a long-term relationship with a supplier. It is particularly useful for companies that will modify or combine products before resale.
Key components include minimum order requirements, delivery terms, payment terms, product specifications, and provisions for reporting and forecasting orders. These elements help manage expectations and responsibilities.
Yes, the agreement can be modified if both parties agree to the changes in writing. It is essential to document any amendments to ensure clarity and legal enforceability.
If either party fails to meet their obligations under the agreement, it may result in a breach of contract. The aggrieved party may seek remedies, which could include damages or termination of the agreement.
Is This Form Right For You?
Use This Form If:
- Businesses looking to establish a long-term relationship with a supplier for the consistent supply of goods will find this agreement essential. It ensures that both parties understand their obligations and can plan their operations accordingly.
- Manufacturers who need to purchase raw materials or components to create finished products can use this agreement to secure a reliable source of supply. This helps in maintaining production schedules and meeting customer demand.
- Retailers aiming to resell finished products after modifying or combining them with other items can benefit from this agreement. It clarifies the terms under which they can purchase goods and the expectations for order quantities and delivery.
- Companies that require a structured approach to ordering and receiving goods over an extended period will find this agreement useful. It provides a framework for forecasting orders and managing inventory effectively.
- Organizations that want to protect their rights and ensure compliance with legal standards in their supply chain can utilize this agreement. It includes necessary provisions regarding product specifications, warranties, and terms of sale.
Do Not Use If:
- – This agreement is not appropriate for situations where the customer intends to resell goods 'as-is' without any modifications. In such cases, a different type of agreement would be more suitable.
- – If the supplier cannot meet the minimum order requirements set forth in the agreement, it may not be the right choice. Both parties must be able to fulfill the terms for the agreement to be effective.
- – In instances where the customer does not have a clear forecast for future orders, this agreement may not provide the necessary flexibility. Accurate forecasting is crucial for the agreement's success.
- – For businesses that operate on a short-term basis or require one-time purchases, this long-term agreement may not be necessary. A simpler purchase order might suffice in such scenarios.
- – If the parties do not have a mutual understanding of the product specifications and delivery terms, this agreement may lead to disputes. Clear communication is essential before entering into this contract.
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