This Exclusive Supply Agreement template is designed for use in commercial arrangements where one party wishes to secure exclusive supply rights from another party within Hong Kong's jurisdiction. It is particularly valuable in situations requiring guaranteed supply channels, protected distribution relationships, or exclusive manufacturing arrangements. The agreement includes comprehensive provisions addressing competition law compliance, supply obligations, quality standards, and commercial terms in accordance with Hong Kong law. It's commonly used in various industries where securing exclusive supply rights is crucial for business operations, such as manufacturing, retail, and distribution sectors. The document provides a robust framework for long-term supply relationships while incorporating necessary protections and obligations for both parties.
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1. Parties: Identifies and defines the supplier and buyer entities entering into the agreement
2. Background: Sets out the context and commercial intent of the exclusive supply arrangement
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Appointment and Exclusivity: Establishes the exclusive nature of the supply relationship and its territorial scope
5. Supply Obligations: Details the supplier's obligations regarding product supply, including minimum quantities and delivery terms
6. Ordering Process: Specifies the procedures for placing and accepting orders
7. Price and Payment: Sets out pricing structure, payment terms, and any price adjustment mechanisms
8. Quality Standards: Defines product specifications and quality requirements
9. Delivery and Risk: Specifies delivery terms, timing, and transfer of risk
10. Term and Termination: Defines the duration of the agreement and circumstances for termination
11. Intellectual Property: Addresses ownership and usage rights of relevant intellectual property
12. Confidentiality: Protects confidential information exchanged during the business relationship
13. Liability and Indemnity: Sets out liability limitations and indemnification obligations
14. Force Majeure: Addresses circumstances beyond parties' control affecting performance
15. General Provisions: Contains standard boilerplate clauses including governing law, notices, and assignment
1. Marketing and Promotion: Include when the agreement requires specific marketing obligations or restrictions
2. Minimum Purchase Commitments: Add when buyer must commit to minimum purchase quantities
3. Storage and Warehousing: Include when specific storage requirements or warehousing arrangements are needed
4. Training and Support: Add when supplier must provide training or technical support
5. Insurance Requirements: Include when specific insurance coverage needs to be maintained
6. Compliance with Laws: Add detailed compliance obligations for regulated industries
7. Data Protection: Include when personal data processing is involved
8. Environmental Standards: Add when environmental compliance or sustainability requirements are important
9. Change Control: Include when formal processes for changes to specifications or terms are needed
1. Product Specifications: Detailed technical specifications of products to be supplied
2. Pricing Schedule: Detailed pricing structure, including any volume discounts or pricing mechanisms
3. Service Levels: Performance metrics and service level requirements
4. Territory Definition: Detailed description of geographical territory covered by exclusivity
5. Quality Control Procedures: Detailed quality control and testing procedures
6. Key Performance Indicators: Specific performance metrics and measurement criteria
7. Form of Purchase Order: Standard template for purchase orders
8. Contact Details: Key contact persons and communication protocols
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