Document background
A Framework Supply Agreement is essential for businesses requiring a structured approach to regular procurement of goods or services. This document type is particularly relevant in the Australian business context, where it must comply with federal legislation such as the Competition and Consumer Act 2010 and various state laws. The agreement establishes the master terms governing the ongoing supply relationship, including ordering procedures, pricing mechanisms, quality requirements, and risk allocation. It provides flexibility through purchase orders while maintaining consistent terms across multiple transactions. The framework nature allows for variations in quantity, timing, and specific requirements while keeping the core terms stable. This agreement type is commonly used in various industries where regular, repeated supplies are needed, and it can be adapted to accommodate both goods and services.
