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Supply of Goods Agreements
When purchasing or supplying goods, it’s vital that you 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 knowing that you have continuity in supply. As a supplier, this can include knowing that your investments in equipment are backed up by guaranteed orders and that your liability is capped if things go wrong.
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. Things to consider include:
- Is it clear what the contractual relationship is?
- What will happen if your customer cannot pay?
- How can you get out of an agreement that isn’t working for you?
- What 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 the terms you want to deal on are incorporated into the agreement?
Why Choose JMW?
Our team has vast experience in dealing with supplier agreements and supplier contracts, spanning from routine transactions using your standard terms and conditions through to bespoke strategic supply partnerships for business critical services.
We can help you structure your deal to ensure that risks within the transaction are mitigated and that there are no surprises in the agreement. 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.