Document background
The General Supply Agreement serves as a fundamental commercial contract governing the supply relationship between parties in South Africa. It is typically used when establishing ongoing supply arrangements for goods or services, whether for a fixed term or indefinite period. The agreement must comply with South African law, including the Consumer Protection Act, Competition Act, and where relevant, B-BBEE legislation. It should address key commercial terms such as pricing, delivery, quality standards, and risk allocation, while incorporating necessary protections for both supplier and purchaser. This document is essential for businesses engaged in regular supply transactions and requires careful consideration of industry-specific requirements, regulatory compliance, and risk management aspects.
