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Supply of Goods Agreements
Supply of goods agreements can provide buyers and suppliers alike with a clearer understanding of what each should expect from their business relationship. JMW Solicitors can help you to ensure these agreements are always fit for purpose.
With significant experience of working with businesses of all sizes on supply agreements of this kind, JMW’s commercial law team will help you make sure that any supply-related documentation your company creates offers effective protection, while minimising foreseeable risks.
How JMW Can Help
Our team has vast experience in dealing with supplier agreements and supplier contracts, ranging from routine transactions using standard terms and conditions through to bespoke strategic supply partnerships for business-critical services.
Our expertise includes:
- Setting out clear expectations of service provision
- Establishing a pricing structure and payment methods
- Defining the business relationship between the buyer and supplier
- Incorporating terms and conditions into the agreement
- Formalising warranties, indemnity protection and liability limits
- Implementing a system for terminating the agreement
- Creating arrangements for settling disputes
- Ensuring compliance with consumer legislation
We can help you structure your deal to ensure that any risks within the transaction are mitigated and that there are no surprises in the agreement, taking into account the specific needs of your business. We are experienced in drafting agreements that clearly and concisely set out the obligations of each party, ensuring the potential for dispute is kept to a minimum.
About Supply of Goods Agreements
A supply of goods agreement will set out in detail what each party's responsibilities are and how the relationship between the two parties will work.
When purchasing or supplying goods, it’s vital to know exactly what you are committing to. As the buyer, this could be knowing that you have price certainty in a market where costs can fluctuate, or receiving a guarantee of supply continuity; as a supplier, key priorities may include knowing that your investments in equipment are backed up by guaranteed orders, or that your liability is capped if something goes wrong.
When planning a supply of goods agreement, key questions should therefore include:
- Is it clear how the contractual relationship will work?
- What will happen if the customer cannot pay?
- How can you get out of an agreement that isn’t working for you?
- What happens if the supplier fails to provide the items they have promised, or doesn’t deliver on time?
- Are you restricted in dealing with other people in relation to the relevant goods?
- How can you ensure that your preferred terms are incorporated into the agreement?
By consulting with commercial law solicitors with expertise in supply of goods agreements, you will be able to ensure that these arrangements consistently meet your specific needs.
Talk to Us
If you’d like to speak to a member of the commercial law team at JMW about any aspect of supply of goods agreements, call us today on 0345 872 6666. Alternatively, you can fill in our online enquiry form and we will get in touch at a time that’s convenient for you.