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Long Term Supplier Agreement
"I need a Long Term Supplier Agreement under New Zealand law for my technology manufacturing company to secure a stable supply of electronic components from January 2025, with specific focus on quality control measures and the ability to scale up orders based on demand."
1. Parties: Identification and details of the supplier and customer entities entering into the agreement
2. Background: Context of the agreement, relationship between parties, and purpose of the arrangement
3. Definitions and Interpretation: Defined terms used throughout the agreement and rules for interpretation
4. Term and Renewal: Duration of the agreement, including initial term and renewal provisions
5. Supply Obligations: Core obligations of the supplier, including quality standards, delivery requirements, and performance metrics
6. Ordering Process: Procedures for placing, accepting, and fulfilling orders
7. Pricing and Payment: Price structure, payment terms, invoicing requirements, and price review mechanisms
8. Delivery and Risk: Delivery terms, transfer of risk, acceptance procedures, and rejection rights
9. Quality Requirements: Quality standards, specifications, and quality assurance processes
10. Warranties: Supplier warranties regarding goods/services, compliance with laws, and standard of performance
11. Performance Monitoring: KPIs, reporting requirements, and performance review processes
12. Intellectual Property: IP ownership, licenses, and protection of existing IP rights
13. Confidentiality: Protection and handling of confidential information
14. Liability and Indemnities: Allocation of risks, limitation of liability, and indemnification obligations
15. Insurance: Required insurance coverage and minimum levels
16. Termination: Termination rights, grounds for termination, and consequences of termination
17. Force Majeure: Events excusing performance and related procedures
18. Dispute Resolution: Process for resolving disputes, including escalation procedures
19. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law
1. Business Continuity: Required for critical supply relationships where continuous supply is essential
2. Environmental Compliance: Important for supplies involving environmental considerations or sustainability requirements
3. Data Protection: Required when personal data processing is involved in the supply relationship
4. Anti-Bribery and Corruption: Important for international supply relationships or high-risk industries
5. Modern Slavery Compliance: Relevant for supply chains with potential human rights risks
6. Security Requirements: Necessary for supplies involving sensitive information or critical infrastructure
7. Export Control: Required for international supply arrangements or controlled goods
8. Transition and Exit: Important for complex supply arrangements requiring detailed exit planning
9. Parent Company Guarantee: Required when supplier's financial strength needs additional support
10. Subcontracting: Necessary when supplier may need to subcontract certain obligations
1. Products/Services Schedule: Detailed description of goods/services to be supplied
2. Pricing Schedule: Detailed pricing structure, rates, and calculation methodologies
3. Service Levels and KPIs: Detailed performance metrics and measurement criteria
4. Specifications: Technical specifications and requirements for goods/services
5. Sites and Delivery Locations: List of approved delivery locations and site-specific requirements
6. Key Personnel: Details of key personnel from both parties involved in contract management
7. Approved Subcontractors: List of pre-approved subcontractors if applicable
8. Forms and Procedures: Standard forms for ordering, reporting, and other operational procedures
9. Business Continuity Plan: Detailed continuity and disaster recovery procedures
10. Transition Plan: Implementation and transition requirements at commencement
Authors
Applicable Laws
Business Day
Commencement Date
Confidential Information
Contract Year
Delivery Location
Delivery Schedule
Force Majeure Event
Goods
GST
Initial Term
Intellectual Property Rights
Key Personnel
KPIs
Minimum Order Quantity
Order
Price
Purchase Order
Quality Standards
Related Companies
Renewal Term
Services
Service Levels
Specifications
Supplier Personnel
Supply Schedule
Term
Territory
Working Hours
Change Control Process
Defect
Delivery Terms
Implementation Plan
Lead Time
Loss
Payment Terms
Performance Standards
Records
Representatives
Site
Subcontractor
Supply Requirements
Transition Period
Warranty Period
Term and Renewal
Supply Obligations
Ordering Process
Delivery
Price and Payment
Quality Requirements
Performance Standards
Service Levels
Key Performance Indicators
Warranties
Title and Risk
Intellectual Property
Confidentiality
Data Protection
Health and Safety
Insurance
Liability and Indemnities
Force Majeure
Change Control
Audit Rights
Record Keeping
Reporting Requirements
Business Continuity
Compliance with Laws
Anti-Bribery and Corruption
Modern Slavery
Environmental Compliance
Subcontracting
Assignment and Novation
Termination
Exit Management
Dispute Resolution
Notices
Governing Law
Entire Agreement
Variation
Severability
Waiver
Relationship of Parties
Manufacturing
Technology
Retail
Food and Beverage
Construction
Healthcare
Energy
Telecommunications
Professional Services
Logistics and Supply Chain
Industrial Services
Agriculture
Mining and Resources
Procurement
Legal
Operations
Finance
Supply Chain
Risk and Compliance
Quality Assurance
Commercial
Contract Management
Vendor Management
Procurement Manager
Supply Chain Director
Commercial Manager
Legal Counsel
Operations Manager
Contract Manager
Chief Financial Officer
Risk Manager
Compliance Officer
Category Manager
Vendor Relations Manager
Business Development Manager
Quality Assurance Manager
Chief Operating Officer
Finance Director
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