Document background
The Master Trade Agreement serves as the primary commercial contract governing ongoing trading relationships between parties operating under South African law. It is particularly suitable for businesses engaging in regular, repeated transactions who wish to establish a standardized framework for their trading relationship. The agreement incorporates essential elements of South African commercial law, including consumer protection provisions, competition law compliance, and electronic communications regulations. This Master Trade Agreement typically includes comprehensive terms covering ordering processes, pricing mechanisms, delivery terms, quality standards, and risk allocation, while maintaining flexibility for specific transaction details to be agreed through purchase orders or similar documents. It is designed to accommodate both domestic and international trade relationships, with careful consideration given to South African foreign exchange regulations and international trade requirements.
