Supply Agreements

A supply agreement is a formal contract between a supplier and a buyer that specifies the terms for delivering goods or services. It details quantities, prices, quality standards, delivery schedules, and payment terms, providing clarity and legal protection for both parties. This agreement ensures the supplier knows what to deliver and when, while the buyer understands their obligations and costs. Supply agreements help maintain a consistent supply chain, reduce misunderstandings, and establish a mutually agreed framework for ongoing business relationships.