Supply Agreement
/ˈsəˌplaɪ əˈgriːmənt/
Definitions
- (n.) A legally binding contract whereby one party agrees to provide goods or materials to another under specified terms.
The company signed a supply agreement to receive raw materials for production.
Forms
- supply agreements
Related terms
See also
Commentary
Supply agreements commonly specify quantity, quality, delivery schedules, and pricing, and are vital in securing consistent goods flow in commercial transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.