Exclusive Purchase Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Exclusive Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Exclusive Purchase Agreement

"I need an Exclusive Purchase Agreement for my manufacturing company to secure sole supplier rights for electronic components from a major supplier in Mumbai, with minimum purchase commitments of 10,000 units per quarter starting March 2025."

Document background
The Exclusive Purchase Agreement is a strategic commercial contract used when a buyer wishes to establish a sole-source procurement arrangement with a specific supplier. This document is particularly relevant in situations requiring supply chain security, guaranteed volume commitments, or exclusive distribution rights. The agreement, governed by Indian law, typically includes detailed provisions on pricing, quality standards, minimum purchase obligations, and territory restrictions. It must comply with Indian competition law requirements while protecting both parties' interests. The document is commonly used in manufacturing, distribution, and retail sectors where long-term supply relationships are critical. Key considerations under Indian jurisdiction include compliance with the Competition Act, 2002, and the enforceability provisions under the Indian Contract Act, 1872.
Suggested Sections

1. Parties: Identification and details of the seller and purchaser, including registered addresses and company registration numbers

2. Background: Context of the agreement, relationship between parties, and purpose of entering into an exclusive purchase arrangement

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

4. Scope of Exclusivity: Clear definition of the exclusive purchase arrangement, including territory and products/services covered

5. Term and Renewal: Duration of the agreement and conditions for renewal or extension

6. Purchase Obligations: Core obligations of the purchaser, including ordering process and procedures

7. Supply Obligations: Seller's obligations regarding supply, delivery terms, and quality standards

8. Pricing and Payment Terms: Pricing mechanism, payment terms, invoicing, and any price adjustment provisions

9. Quality and Specifications: Quality standards, specifications of products/services, and quality control procedures

10. Delivery and Logistics: Terms relating to delivery, shipping, packaging, and transfer of risk

11. Warranties and Representations: Warranties regarding products/services and general representations by both parties

12. Termination: Grounds for termination, termination process, and consequences of termination

13. Confidentiality: Protection of confidential information exchanged during the relationship

14. Governing Law and Dispute Resolution: Applicable law and mechanism for resolving disputes

15. General Provisions: Standard boilerplate clauses including notices, amendment process, and severability

Optional Sections

1. Minimum Purchase Commitments: Required when parties agree to specific volume commitments or targets

2. Performance Metrics: Include when specific performance standards or KPIs need to be maintained

3. Territory Restrictions: Necessary when the exclusive arrangement is limited to specific geographic areas

4. Marketing and Promotion: Include when parties have specific obligations regarding marketing or promotion of products

5. Insurance Requirements: Required when specific insurance coverage needs to be maintained by either party

6. Intellectual Property Rights: Include when the arrangement involves use of trademarks, patents, or other IP

7. Change Control: Required when formal processes for changes to specifications or terms need to be documented

8. Force Majeure: Include detailed force majeure provisions when specific circumstances need to be addressed

9. Anti-Corruption Compliance: Required when dealing with government entities or in regulated industries

10. Parent Company Guarantee: Include when financial security from a parent company is required

Suggested Schedules

1. Product Specifications: Detailed technical specifications of products covered under the agreement

2. Pricing Schedule: Detailed pricing structure, including any volume-based discounts or pricing mechanisms

3. Service Levels: Detailed service level requirements and measurement criteria

4. Territory Definition: Detailed description of geographical territories covered by the exclusivity

5. Quality Standards: Detailed quality requirements, testing procedures, and acceptance criteria

6. Key Personnel: List of key contacts and responsible personnel from both parties

7. Form of Purchase Order: Standard template for purchase orders to be used under the agreement

8. Reporting Requirements: Templates and formats for required regular reporting

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

Automotive

Pharmaceuticals

Consumer Goods

Electronics

Industrial Equipment

Chemicals

Retail

Telecommunications

Food and Beverage

Technology Hardware

Textiles

Healthcare Equipment

Relevant Teams

Legal

Procurement

Supply Chain

Commercial

Operations

Business Development

Vendor Management

Finance

Compliance

Risk Management

Relevant Roles

Chief Procurement Officer

Procurement Manager

Supply Chain Director

Commercial Director

Legal Counsel

Contract Manager

Business Development Manager

Operations Director

Category Manager

Sourcing Manager

General Counsel

Vendor Relations Manager

Chief Legal Officer

Purchase Director

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

Find the exact document you need

Forward Purchase Agreement (Real Estate)

An Indian law-governed agreement for the future purchase of real estate, typically used for under-construction properties, incorporating RERA compliance and statutory requirements.

find out more

Discount Agreement

An Indian law-governed agreement establishing terms and conditions for commercial discount arrangements, including rates, criteria, and implementation procedures.

find out more

Property Purchase Contract

An Indian law-governed agreement facilitating property ownership transfer between seller and purchaser, outlining sale terms and ensuring legal compliance.

find out more

Investment Agreement Between Individual And Individual

A legally binding agreement under Indian law that structures and governs investment arrangements between two individuals, defining investment terms, rights, and obligations.

find out more

Securities Purchase Agreement

An Indian law-governed agreement detailing terms and conditions for securities purchase and sale, ensuring regulatory compliance and protecting transacting parties' interests.

find out more

Property Purchase Form

An Indian legal document facilitating property ownership transfer, compliant with the Transfer of Property Act and state regulations.

find out more

Equipment Purchase Contract

A comprehensive agreement for equipment purchase and sale under Indian law, detailing specifications, pricing, delivery, and warranty terms.

find out more

Buyback Agreement

An Indian law-governed agreement detailing terms and conditions for a company's repurchase of its own shares from shareholders, ensuring regulatory compliance.

find out more

Vehicle Hire Purchase Agreement

An Indian law-governed agreement establishing terms for vehicle acquisition through hire purchase, with ownership transferring to the hirer upon completion of scheduled payments.

find out more

Contingent Purchase Agreement

An Indian law-governed agreement for conditional purchase transactions, specifying contingencies that must be met before purchase completion.

find out more

Advance Agreement For Land Purchase

A preliminary land purchase agreement under Indian law involving advance payment and purchase commitments between parties.

find out more

Probate Purchase Agreement

An Indian law-governed agreement for the transfer of probate rights from an estate's executor/administrator to a purchaser.

find out more

Letter Of Sales Agreement

A formal letter agreement governed by Indian law that outlines the terms and conditions of a sale between two parties.

find out more

Buying Agency Agreement

An Indian law-governed agreement appointing a buying agent to conduct procurement activities on behalf of a principal company, outlining duties, commission structures, and operational procedures.

find out more

Buy Tenancy Agreement

An Indian law-governed agreement combining property sale and tenancy terms, where the buyer becomes the landlord and the seller becomes the tenant.

find out more

Purchase With Reservation Agreement

An Indian law-compliant agreement for property purchase where the seller retains specific rights or conditions during or after the transfer.

find out more

Contract Between Supplier And Buyer

An Indian law-governed agreement establishing terms and conditions between a supplier and buyer for the sale and purchase of goods or services.

find out more

Buy In Agreement

An Indian law-governed agreement documenting the terms and conditions for an investor or entity to acquire partial ownership in an existing business.

find out more

Vehicle Purchase Agreement With Down Payment

An Indian law-governed agreement detailing the terms and conditions for vehicle purchase with structured down payment, including ownership transfer and warranty terms.

find out more

Lot Purchase Agreement

An Indian law-governed agreement for the sale and purchase of land parcels, detailing terms, conditions, and obligations of the property transfer.

find out more

High Purchase Agreement Form

An Indian law-compliant agreement enabling purchase of goods through installment payments with eventual transfer of ownership from financier to hirer.

find out more

Gold Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for gold purchase transactions, including regulatory compliance and quality assurance requirements.

find out more

Token Purchase Agreement

An Indian law-governed agreement establishing terms for digital token purchase and sale, addressing regulatory compliance and transaction mechanics.

find out more

Employee Laptop Purchase Agreement

An Indian law-governed agreement facilitating employee laptop purchase through company-arranged terms and installment payments.

find out more

Apartment Sale And Purchase Agreement

An Indian law-compliant agreement for the sale and purchase of apartment property, detailing transaction terms and ensuring RERA compliance.

find out more

Quota Purchase Agreement

An Indian law-governed agreement for the transfer of quota rights between parties, specifying terms, conditions, and regulatory compliance requirements.

find out more

General Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for regular commercial purchases between businesses, ensuring compliance with Indian contract and commercial laws.

find out more

Buy Sale Agreement Form

An Indian law-compliant agreement documenting the terms and conditions for the sale and purchase of property or goods between parties.

find out more

Outright Purchase Agreement

An Indian law-governed agreement for the complete transfer of ownership of goods, property, or assets from seller to buyer for a fixed consideration.

find out more

Bond Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for the sale and purchase of bonds, ensuring compliance with SEBI regulations and Indian securities laws.

find out more

Future Purchase Agreement

An Indian law-governed agreement establishing terms for future purchases of goods or materials, including pricing, delivery, and quality specifications.

find out more

Entity Purchase Agreement

A comprehensive agreement under Indian law governing the sale and purchase of a business entity or significant stake, incorporating all material transaction terms and regulatory compliance requirements.

find out more

Retail Purchase Agreement

An Indian law-governed agreement between retailer and customer for the sale and purchase of retail goods, ensuring consumer protection and contractual clarity.

find out more

Hardware Purchase Agreement

An Indian law-governed agreement establishing terms for hardware equipment purchase, including specifications, pricing, warranties, and regulatory compliance.

find out more

Furniture Purchase Agreement

An Indian law-governed agreement establishing terms for furniture purchase, including specifications, pricing, delivery, and warranty provisions.

find out more

Direct Purchase Agreement

An Indian law-governed agreement setting out terms and conditions for direct purchase of goods between buyer and seller.

find out more

Company Purchase Agreement

An Indian law-governed agreement detailing the terms and conditions for purchasing a company, including transaction structure, price, and regulatory compliance requirements.

find out more

Material Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for material procurement, including specifications, pricing, delivery, and quality requirements.

find out more

Heat Purchase Agreement

An Indian law-governed agreement establishing terms for thermal energy supply and purchase between generator and end-user.

find out more

International Purchase Agreement

An Indian law-governed agreement establishing terms for international procurement, including delivery, payment, and compliance requirements.

find out more

License Purchase Agreement

An Indian law-governed agreement establishing terms for licensed product purchase and usage, including rights, restrictions, and obligations of licensor and licensee.

find out more

Shares Purchase Agreement

An Indian law-governed agreement facilitating the sale and transfer of company shares, detailing transaction terms and regulatory compliance requirements.

find out more

Deferred Purchase Agreement

An Indian law-governed agreement establishing terms for asset purchase with deferred payment arrangements, including security and payment structures.

find out more

Contract For Purchase Of Goods

An Indian law-governed agreement setting out terms for the purchase and sale of goods, including specifications, pricing, delivery, and warranties.

find out more

Bulk Purchase Agreement

An Indian law-governed agreement establishing terms for large-volume procurement of goods, including pricing, delivery, and quality parameters.

find out more

Service Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for service procurement between a provider and recipient, including service scope, payments, and performance requirements.

find out more

Reverse Purchase Agreement

An Indian law-governed agreement establishing terms for the sale of goods with a commitment for future repurchase by the original seller.

find out more

Exclusive Purchase Agreement

An Indian law-governed agreement establishing exclusive purchase rights between a buyer and seller, defining terms for sole-source procurement arrangements.

find out more

Advance Purchase Agreement

An Indian law-governed agreement setting out terms for advance payment and future delivery of goods, including payment security and delivery obligations.

find out more

Purchase Agreement Contract

An Indian law-governed agreement outlining terms and conditions for the sale and purchase of goods between parties, including pricing, delivery, and warranties.

find out more

Contract Purchase Agreement

An Indian law-governed agreement establishing terms and conditions for purchase transactions between buyer and seller, ensuring legal compliance and mutual protection of interests.

find out more

Asset Purchase Term Sheet

An Indian law-governed preliminary document outlining key terms and conditions for a proposed asset purchase, serving as the basis for definitive transaction agreements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.