Supply Agreement

A supply agreement is a contractual agreement between a supplier and a buyer that outlines the terms and conditions for the supply and purchase of goods or services. It defines the responsibilities and obligations of both parties, including the specifications, quantity, quality, and delivery terms of the products or services being supplied. The supply agreement generally covers important aspects such as pricing, payment terms, liability, and termination conditions. It serves as a legal document that ensures a clear understanding and protects the interests of both the supplier and the buyer throughout the duration of the agreement.