Document background
The Master Trade Agreement, governed by Singapore law, serves as the foundational document for establishing long-term trading relationships between commercial parties. It is particularly suited for businesses engaging in regular, repeated transactions who seek to avoid negotiating terms for each individual trade. This agreement type leverages Singapore's sophisticated commercial law framework and its position as a major trading hub in Asia. It typically includes provisions for ordering processes, pricing mechanisms, quality standards, risk allocation, and dispute resolution, while allowing flexibility through schedules and purchase orders for specific transaction details.
