Preferred Supplier Agreement Template for Ireland

The Preferred Supplier Agreement is essential for organizations seeking to establish and maintain strategic supply relationships while securing preferential terms and ensuring supply chain efficiency. This document is particularly relevant when a customer wishes to formalize a long-term relationship with a key supplier, typically involving committed volume purchases or exclusive supply arrangements. The agreement, governed by Irish law, includes detailed provisions for ordering processes, pricing mechanisms, quality standards, and performance requirements. It addresses both Irish and EU regulatory requirements, particularly in areas such as competition law, commercial transactions, and consumer protection. The document is designed to provide clarity on the preferred status granted to the supplier while protecting both parties' interests through clear terms and conditions, risk allocation, and compliance requirements.

1. Parties: Details of the supplier and customer entering into the agreement

2. Background: Context of the agreement and brief description of the parties' intention to enter into a preferred supplier arrangement

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

4. Appointment and Scope: Terms of supplier's appointment, preferred status definition, and scope of supplies

5. Ordering Process: Procedures for placing and accepting orders under the agreement

6. Supply Obligations: Core obligations of the supplier regarding delivery, quality, and performance

7. Customer Obligations: Core obligations of the customer, including minimum purchase commitments if applicable

8. Prices and Payment: Pricing structure, payment terms, and invoicing procedures

9. Quality and Compliance: Quality standards, specifications, and compliance requirements

10. Performance Monitoring: KPIs, performance review processes, and reporting requirements

11. Warranties and Indemnities: Standard warranties and indemnification provisions

12. Insurance and Liability: Insurance requirements and liability limitations

13. Confidentiality: Protection of confidential information

14. Term and Termination: Duration of agreement and termination rights

15. Consequences of Termination: Post-termination obligations and rights

16. General Provisions: Standard boilerplate clauses including governing law, notices, etc.