Master Pricing Agreement Template for Australia

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Key Requirements PROMPT example:

Master Pricing Agreement

"I need a Master Pricing Agreement under Australian law for a manufacturing relationship where we'll be the supplier of automotive parts to multiple dealerships across Queensland, with tiered pricing based on volume commitments and quarterly price reviews starting from March 2025."

Document background
The Master Pricing Agreement serves as a cornerstone document for businesses engaging in ongoing commercial relationships involving regular supply of goods or services in Australia. It is particularly useful when parties anticipate multiple transactions over time and need a consistent pricing framework. The agreement typically includes detailed pricing mechanisms, volume considerations, adjustment formulas, and ordering processes, while ensuring compliance with Australian competition laws and commercial regulations. This type of agreement is commonly used in supplier-customer relationships where pricing complexity, volume variations, or regular price adjustments need to be managed systematically. The Master Pricing Agreement reduces the need for repeated negotiations by establishing predetermined pricing mechanisms and commercial terms that can be applied across multiple transactions.
Suggested Sections

1. Parties: Identification of the contracting parties including their legal names, ABNs, and addresses

2. Background: Context of the agreement, relationship between parties, and general purpose of the pricing arrangement

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Term and Renewal: Duration of the agreement, including commencement date and renewal provisions

5. Pricing Structure: Core pricing principles, base rates, and pricing methodology

6. Price Adjustment Mechanisms: Processes and formulas for price reviews, adjustments, and variations

7. Ordering Process: Procedures for placing orders, minimum order quantities, and order acceptance

8. Payment Terms: Invoice requirements, payment timeframes, and payment methods

9. Supply Obligations: Key obligations regarding supply, delivery, and performance standards

10. Compliance and Audit Rights: Requirements for compliance with laws and audit provisions

11. Confidentiality: Protection and handling of confidential information

12. Liability and Indemnities: Allocation of risks, limitation of liability, and indemnification obligations

13. Termination: Grounds for termination and consequences of termination

14. General Provisions: Standard boilerplate clauses including notices, governing law, and dispute resolution

Optional Sections

1. Volume Commitments: Minimum purchase obligations and volume-based pricing tiers, used when parties agree to specific volume commitments

2. Exclusive Supply Arrangements: Terms regarding exclusivity of supply relationship, used when there are exclusive supply arrangements

3. Marketing and Promotion: Requirements for marketing and promotional activities, used when parties agree to joint marketing efforts

4. Service Levels: Specific performance metrics and service standards, used for service-based agreements

5. Intellectual Property: IP ownership and licensing provisions, used when IP rights are relevant to the pricing arrangement

6. Insurance Requirements: Specific insurance obligations, used when particular insurance coverage is required

7. Change Control: Process for managing changes to products/services, used in complex supply arrangements

8. Force Majeure: Provisions for handling unforeseen events, used when specific force majeure protection is needed

Suggested Schedules

1. Schedule 1 - Product/Service Schedule: Detailed list of products/services covered by the agreement with specific pricing

2. Schedule 2 - Price List: Comprehensive price list including all rates, charges, and fees

3. Schedule 3 - Price Adjustment Formula: Detailed formula and methodology for price adjustments

4. Schedule 4 - Service Level Requirements: Detailed service levels and performance metrics

5. Schedule 5 - Order Form Template: Standard form for placing orders under the agreement

6. Schedule 6 - Special Conditions: Any special terms or conditions applicable to specific products/services

7. Appendix A - Approved Locations: List of approved delivery or service locations

8. Appendix B - Key Contacts: Contact details for key personnel from both parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Retail

Wholesale

Technology

Professional Services

Telecommunications

Healthcare

Construction

Energy

Mining

Transportation

Logistics

Financial Services

Agriculture

Food and Beverage

Relevant Teams

Legal

Procurement

Finance

Commercial

Sales

Operations

Supply Chain

Pricing

Business Development

Contract Management

Risk Management

Relevant Roles

Commercial Director

Procurement Manager

Supply Chain Manager

Contract Manager

Chief Financial Officer

Commercial Manager

Pricing Analyst

Sales Director

Business Development Manager

Legal Counsel

Finance Manager

Operations Manager

Category Manager

Vendor Manager

Strategic Sourcing Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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