Document background
A Long Term Supplier Agreement is a crucial commercial document used to establish and govern ongoing supply relationships between businesses operating under Danish law. This agreement is particularly relevant when parties anticipate a sustained business relationship involving regular supply of goods or services, typically spanning multiple years. It provides comprehensive coverage of commercial, operational, and legal aspects of the supply relationship, including detailed terms for ordering, delivery, quality control, pricing, and risk allocation. The document ensures compliance with Danish legal requirements while incorporating international best practices in supply chain management. It's especially suitable for businesses seeking to establish stable, long-term supply arrangements with strategic partners, where certainty and clarity of terms are essential for successful cooperation.
