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Preferred Supplier Agreement
"I need a Preferred Supplier Agreement for my technology manufacturing company based in Auckland, with strong IP protection clauses and specific provisions for regular supply of electronic components starting from March 2025, including quality control measures suitable for tech manufacturing."
1. Parties: Identifies and provides full legal details of all parties to the agreement
2. Background: Sets out the context and purpose of the agreement, including the supplier's selection process and intention to establish a preferred supplier relationship
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. Appointment and Scope: Establishes the supplier's appointment as preferred supplier and defines the scope of goods/services covered
5. Term and Renewal: Specifies the initial term of the agreement and any renewal options
6. Supply Obligations: Details the supplier's core obligations regarding the provision of goods/services
7. Ordering Process: Outlines the procedure for placing and accepting orders under the agreement
8. Pricing and Payment: Specifies pricing structure, payment terms, and invoicing requirements
9. Service Levels: Establishes performance standards and metrics for measuring supplier performance
10. Quality Requirements: Sets out quality standards and compliance requirements for goods/services
11. Delivery and Acceptance: Details delivery requirements and acceptance procedures
12. Warranties: Specifies warranties provided by the supplier regarding goods/services
13. Insurance and Liability: Outlines insurance requirements and liability limitations
14. Termination: Specifies termination rights and procedures
15. Confidentiality: Establishes obligations regarding confidential information
16. General Provisions: Contains standard boilerplate clauses including governing law, notices, and assignment
1. Intellectual Property Rights: Required when the supply involves software, branded products, or creation of new IP
2. Data Protection: Include when personal data processing is involved in the supply relationship
3. Business Continuity: Important for critical supply relationships or high-value agreements
4. Environmental Compliance: Relevant for supplies involving environmental considerations or sustainability requirements
5. Anti-Bribery and Corruption: Important for international supply relationships or high-value contracts
6. Change Control: Include for complex supply arrangements where formal change processes are needed
7. Supplier Personnel: Required when supplier staff will work on-site or interface directly with the customer
8. Market Testing: Include when periodic price competitiveness reviews are required
9. Volume Commitments: Include when minimum purchase volumes or exclusive supply arrangements are agreed
10. Training and Support: Relevant when the supply includes technical products or complex services
1. Schedule 1 - Goods and Services Specification: Detailed description of goods/services to be supplied
2. Schedule 2 - Pricing Schedule: Detailed pricing information, including any volume discounts or pricing mechanisms
3. Schedule 3 - Service Levels and KPIs: Detailed service level requirements and measurement criteria
4. Schedule 4 - Ordering Procedure: Detailed ordering process including forms and timeframes
5. Schedule 5 - Contract Managers and Key Contacts: List of key personnel and their contact details
6. Schedule 6 - Form of Purchase Order: Template purchase order form
7. Schedule 7 - Reporting Requirements: Details of required reports and reporting frequencies
8. Schedule 8 - Insurance Requirements: Specific insurance types and coverage levels required
9. Appendix A - Approved Subcontractors: List of pre-approved subcontractors if applicable
10. Appendix B - Security Requirements: Any specific security requirements or protocols
Authors
Business Day
Commencement Date
Confidential Information
Contract Managers
Customer
Delivery Location
Dispute
Effective Date
Force Majeure Event
Goods
GST
Initial Term
Intellectual Property Rights
Key Performance Indicators
Loss
Minimum Order Quantity
Order
Parties
Personnel
Preferred Supplier Status
Price
Purchase Order
Quality Standards
Related Companies
Renewal Term
Representatives
Schedule
Services
Service Levels
Specifications
Subsidiary
Supplier
Supply Obligations
Term
Territory
Third Party
Trading Hours
Unit Price
Variation
Working Day
Appointment of Preferred Supplier
Term and Renewal
Supply Obligations
Ordering Process
Delivery
Acceptance and Rejection
Title and Risk
Price and Payment
GST
Service Levels
Quality Standards
Performance Monitoring
Reporting Requirements
Supplier Personnel
Customer Obligations
Intellectual Property
Confidentiality
Privacy and Data Protection
Insurance
Liability and Indemnity
Force Majeure
Termination
Exit Assistance
Business Continuity
Health and Safety
Compliance with Laws
Anti-Corruption
Modern Slavery
Environmental Compliance
Dispute Resolution
Assignment and Subcontracting
Change Control
Notices
Relationship of Parties
Governing Law
General Provisions
Manufacturing
Retail
Technology
Healthcare
Construction
Professional Services
Logistics and Supply Chain
Education
Government and Public Sector
Telecommunications
Financial Services
Energy and Utilities
Mining and Resources
Hospitality
Agriculture
Procurement
Legal
Finance
Operations
Supply Chain
Risk and Compliance
Commercial
Vendor Management
Contract Management
Strategic Sourcing
Procurement Manager
Supply Chain Manager
Commercial Manager
Contract Manager
Legal Counsel
Chief Financial Officer
Operations Manager
Category Manager
Purchasing Officer
Vendor Manager
Risk Manager
Compliance Officer
General Manager
Chief Operating Officer
Finance Manager
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