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Long Term Supply Contract

Long Term Supply Contract Generator for England and Wales

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Key Requirements PROMPT example:

Long Term Supply Contract

"I need a Long Term Supply Contract for my manufacturing company to purchase electronic components from a supplier in Germany, with monthly minimum commitments of 10,000 units and specific quality control requirements, starting from March 2025."

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Document background
Long Term Supply Contracts are essential for businesses requiring consistent supply arrangements over extended periods. These agreements, governed by English and Welsh law, provide comprehensive frameworks for managing supply relationships, including detailed provisions for pricing, quality, delivery, and risk allocation. They are particularly valuable when parties need to establish stable, predictable supply chains with clear commercial terms and operational requirements. The contract type is commonly used in manufacturing, retail, and other sectors requiring regular, reliable supply arrangements.
Suggested Sections

1. Parties: Identification and details of contracting parties including registered addresses and company numbers

2. Background: Context and commercial purpose of the agreement, including any relevant history of dealings

3. Definitions: Defined terms used throughout the agreement, including technical and commercial terminology

4. Supply Obligations: Core supply commitments, quantities, specifications and delivery requirements

5. Price and Payment: Pricing structure, payment terms, invoicing requirements and price adjustment mechanisms

6. Delivery: Delivery terms, timing, logistics, transfer of risk and title

7. Quality Requirements: Product/service specifications, quality standards, testing procedures and acceptance criteria

8. Term and Termination: Duration of agreement, renewal provisions, termination rights and consequences of termination

9. Liability and Indemnities: Risk allocation between parties, limitation of liability and indemnification obligations

10. Force Majeure: Events outside parties' control and their consequences on performance obligations

11. Confidentiality: Protection of confidential information and trade secrets

12. Governing Law and Jurisdiction: Law governing the agreement and courts having jurisdiction over disputes

Optional Sections

1. Minimum Purchase Commitments: Used when buyer commits to minimum volumes or value of purchases over specified periods

2. Change Control: Process for varying specifications, requirements or other terms during the contract term

3. Business Continuity: Disaster recovery and business continuity provisions for critical supply relationships

4. Compliance with Laws: Specific obligations regarding regulatory compliance, permits and licenses

5. Insurance: Insurance requirements and obligations for both parties

6. Data Protection: Obligations regarding personal data processing where relevant to the supply relationship

Suggested Schedules

1. Product Specifications: Detailed technical specifications of products or services to be supplied

2. Pricing Schedule: Detailed pricing structure, mechanisms for price adjustments and any volume discounts

3. Service Levels: Performance metrics, measurement methodology and reporting requirements

4. Key Performance Indicators: Performance targets and related incentives/penalties for meeting/missing targets

5. Form of Purchase Order: Standard form for ordering under the agreement including minimum required information

6. Quality Control Procedures: Detailed procedures for quality control, testing and acceptance of supplies

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Acceptance
Acceptance Tests
Affiliate
Agreement
Background IP
Business Day
Commencement Date
Confidential Information
Contract Year
Delivery Date
Delivery Location
Delivery Schedule
Effective Date
Force Majeure Event
Good Industry Practice
Goods
Initial Term
Intellectual Property Rights
Key Performance Indicators
Law
Minimum Purchase Commitment
Order
Price
Product Specifications
Purchase Order
Quality Standards
Quarter
Renewal Period
Representatives
Services
Service Levels
Specification
Supply Schedule
Term
Territory
VAT
Warranty Period
Working Hours
Clauses
Interpretation
Supply Obligations
Ordering Process
Delivery
Title and Risk
Quality Requirements
Price and Payment
Forecasting
Minimum Purchase Commitments
Exclusivity
Warranties
Service Levels
Key Performance Indicators
Change Control
Force Majeure
Confidentiality
Data Protection
Intellectual Property
Anti-Bribery and Corruption
Modern Slavery
Environmental Compliance
Health and Safety
Insurance
Liability and Indemnities
Term and Duration
Termination
Exit Management
Business Continuity
Dispute Resolution
Assignment and Subcontracting
Notices
Entire Agreement
Variation
Severability
Waiver
Third Party Rights
Governing Law
Jurisdiction
Industries

Sale of Goods Act 1979: Core legislation governing sale of goods, covering quality requirements, title transfer, delivery obligations, and breach remedies

Supply of Goods and Services Act 1982: Legislation covering service quality standards, reasonable care requirements, performance timing, and payment terms

Unfair Contract Terms Act 1977: Regulates exclusion clauses, establishes reasonableness test for B2B contracts, and governs liability limitations

Commercial Agents Regulations 1993: Regulations governing relationships with commercial agents, implementing EU Directive

Consumer Rights Act 2015: Primary consumer protection legislation, relevant if contract has B2C elements

UN Convention on Contracts for International Sale of Goods: International sales law framework (note: UK not a signatory but relevant for international parties)

Incoterms: International commercial terms for shipping and delivery obligations in international trade

Competition Act 1998: Primary competition law governing anti-competitive agreements and abuse of dominant position

Enterprise Act 2002: Supplements competition law framework and provides for market investigations

UK GDPR and Data Protection Act 2018: Data protection legislation governing processing of personal data and privacy rights

Modern Slavery Act 2015: Requires transparency in supply chains and measures against modern slavery

Bribery Act 2010: Anti-corruption legislation requiring adequate procedures to prevent bribery

Environmental Protection Act 1990: Framework for environmental protection and waste management obligations

Climate Change Act 2008: Sets framework for reducing greenhouse gas emissions and addressing climate change

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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A legally binding contract under English and Welsh law defining terms for service provision between a provider and customer.

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Templates

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