Master Supplier Agreement Template for Malaysia

The Master Supplier Agreement serves as the primary contractual framework for businesses in Malaysia seeking to establish long-term supply relationships. This document is essential when a company expects to make multiple purchases of goods or services from a supplier over time, rather than engaging in one-off transactions. The agreement provides a comprehensive framework that governs all subsequent purchase orders and transactions, eliminating the need to negotiate terms for each individual order. It typically includes detailed provisions for ordering processes, quality standards, pricing mechanisms, delivery requirements, warranties, and risk allocation, all aligned with Malaysian legal requirements. The Master Supplier Agreement is particularly valuable for businesses requiring regular or recurring supplies, as it streamlines procurement processes while ensuring proper risk management and legal compliance.

1. Parties: Identification of the supplier and customer entities, including registration numbers and registered addresses

2. Background: Context of the agreement and general relationship between the parties

3. Definitions: Detailed definitions of terms used throughout the agreement

4. Appointment and Scope: Formal appointment of supplier and general scope of supply relationship

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

6. Delivery and Performance: Requirements for delivery of goods and/or performance of services

7. Quality and Standards: Quality requirements, standards, and specifications for goods/services

8. Price and Payment: Pricing structure, payment terms, invoicing requirements, and tax considerations

9. Title and Risk: Transfer of ownership and risk in goods

10. Warranties: Supplier warranties regarding goods, services, and general performance

11. Supplier Obligations: Key obligations and responsibilities of the supplier

12. Customer Obligations: Key obligations and responsibilities of the customer

13. Compliance with Laws: Obligation to comply with applicable laws and regulations

14. Intellectual Property: IP ownership, licenses, and protection provisions

15. Confidentiality: Protection and handling of confidential information

16. Liability and Indemnity: Limitation of liability and indemnification provisions

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

18. Force Majeure: Provisions for handling events beyond parties' reasonable control

19. Dispute Resolution: Process for resolving disputes, including governing law and jurisdiction

20. General Provisions: Standard boilerplate clauses including notices, assignment, and amendments