Document background
The Supplier Relationship Agreement serves as a cornerstone document for managing commercial relationships between businesses and their suppliers in India. This agreement is essential when establishing long-term or significant supply arrangements, whether for goods, services, or both. It should be used when a company needs to formalize its relationship with key suppliers, ensuring clear terms for quality, delivery, pricing, and performance standards. The document incorporates provisions compliant with Indian contract law, GST regulations, and other relevant legislation, while addressing critical aspects such as intellectual property rights, confidentiality, and dispute resolution. The agreement is particularly important for businesses operating in regulated industries or dealing with critical supplies, as it provides a comprehensive framework for managing supplier relationships, mitigating risks, and ensuring business continuity.
