Document background
The Master Development And Supply Agreement is a sophisticated commercial contract used when one party engages another for both product development and subsequent regular supply. This document is particularly relevant in the Indian market where manufacturing and development capabilities are increasingly sought after. It's commonly used in situations where a company needs custom-developed products and wants to secure a long-term supply arrangement with the same partner. The agreement addresses both the initial development phase (including specifications, timelines, and acceptance criteria) and the subsequent supply phase (covering ordering, pricing, quality, and delivery terms). The document must comply with Indian contract law and relevant sector-specific regulations, while also considering intellectual property protection, quality standards, and commercial terms. It's particularly important in technology, manufacturing, and R&D-intensive sectors where product development and consistent supply are critical business requirements.
