tiktok˰

Preferred Supplier Agreement for Australia

Preferred Supplier Agreement Template for Australia

A Preferred Supplier Agreement under Australian law establishes a formal contractual relationship between a customer and a supplier, granting the supplier preferred status for the provision of specified goods or services. The agreement sets out the framework for future transactions, including pricing structures, ordering processes, performance standards, and service levels. It includes provisions compliant with Australian legislation, including the Competition and Consumer Act 2010 and relevant industry regulations, while establishing clear commercial terms, risk allocation, and operational procedures for an ongoing supply relationship.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Preferred Supplier Agreement

Let tiktok˰'s market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Preferred Supplier Agreement?

The Preferred Supplier Agreement is used when an organization wishes to establish a long-term, preferential relationship with a supplier for consistent procurement of goods or services. This agreement type is particularly valuable for businesses seeking to streamline their procurement processes, secure favorable terms, and maintain quality standards through a dedicated supply channel. The document, governed by Australian law, typically includes detailed provisions for pricing, ordering procedures, performance standards, risk allocation, and compliance requirements. It helps organizations manage their supply chain effectively while ensuring compliance with Australian regulatory requirements, including competition law, consumer protection, and industry-specific regulations. The agreement provides flexibility for varying business needs while maintaining a structured framework for the ongoing commercial relationship.

What sections should be included in a Preferred Supplier Agreement?

1. Parties: Details of the supplier and customer, including full legal names, ABNs, and registered addresses

2. Background: Context of the agreement, relationship between parties, and purpose of establishing a preferred supplier arrangement

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Appointment and Term: Formal appointment of preferred supplier status, initial term, and renewal provisions

5. Supply Obligations: Core obligations of the supplier including quality standards, delivery requirements, and performance metrics

6. Ordering Process: Procedures for placing and accepting orders, including minimum order quantities if applicable

7. Pricing and Payment: Pricing structure, payment terms, invoicing requirements, and price review mechanisms

8. Performance Standards: Service levels, KPIs, and quality requirements

9. Risk and Insurance: Insurance requirements, risk allocation, and indemnities

10. Intellectual Property: Ownership and usage rights of IP, including any licenses granted

11. Confidentiality: Protection of confidential information and trade secrets

12. Termination: Grounds for termination, notice periods, and consequences of termination

13. General Provisions: Standard boilerplate clauses including governing law, notices, and dispute resolution

What sections are optional to include in a Preferred Supplier Agreement?

1. Data Protection and Privacy: Required when personal data or sensitive information is processed or shared between parties

2. Business Continuity: Include when supply of goods/services is critical to customer's operations

3. Environmental Compliance: Relevant when supplies involve environmental considerations or sustainability requirements

4. Modern Slavery Compliance: Required for larger organizations or when supply chain involves high-risk regions

5. Security Requirements: Include when supplier requires access to customer systems or handles sensitive data

6. Warehousing and Logistics: Required when agreement includes storage or distribution services

7. Training and Support: Include when supplier must provide training or ongoing support services

8. Transition Assistance: Important when switching from existing suppliers or for complex supply arrangements

What schedules should be included in a Preferred Supplier Agreement?

1. Schedule 1 - Goods and Services: Detailed description of goods/services to be supplied

2. Schedule 2 - Pricing Schedule: Comprehensive pricing information, including any volume discounts or special rates

3. Schedule 3 - Service Levels: Detailed service level requirements and KPI measurements

4. Schedule 4 - Ordering Procedure: Step-by-step process for placing and fulfilling orders

5. Schedule 5 - Key Personnel: Details of key supplier staff and customer contacts

6. Schedule 6 - Insurance Requirements: Specific insurance types and coverage levels required

7. Appendix A - Form of Purchase Order: Template purchase order document

8. Appendix B - Reporting Requirements: Templates and specifications for required reports

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok˰ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Australia

Publisher

tiktok˰

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions




































Clauses



































Relevant Industries

Manufacturing

Technology

Healthcare

Construction

Retail

Professional Services

Mining

Energy

Transport and Logistics

Education

Telecommunications

Agriculture

Relevant Teams

Procurement

Legal

Operations

Finance

Supply Chain

Risk and Compliance

Commercial

Vendor Management

Strategic Sourcing

Relevant Roles

Procurement Manager

Supply Chain Director

Commercial Manager

Contract Manager

Chief Procurement Officer

Operations Manager

Legal Counsel

Purchasing Officer

Category Manager

Vendor Relations Manager

Strategic Sourcing Manager

Chief Financial Officer

Risk Manager

Compliance Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Unregistered Sale Agreement With Possession

An Australian legal agreement allowing property possession before title transfer, setting out terms and conditions for interim occupation and eventual sale completion.

find out more

Consignment Agreement Form

An Australian-law governed agreement establishing terms for consignment sales arrangements, including commission structures and party responsibilities.

find out more

Business Lease Agreement

An Australian-law governed agreement establishing terms and conditions for commercial property leasing, including rent, maintenance, and usage rights.

find out more

General Tenancy Agreement

An Australian residential lease agreement that establishes the legal framework for property rental, compliant with state tenancy laws.

find out more

Residential Lease Agreement Form

An Australian-compliant residential lease agreement template establishing terms and conditions between landlord and tenant for residential property rental.

find out more

Written Agreement

An Australian law-compliant Written Agreement establishing legally binding terms between parties, suitable for various business relationships and transactions.

find out more

Simple Agreement

An Australian law-compliant Simple Agreement template suitable for various commercial arrangements, featuring essential contract elements and basic protections.

find out more

Side Agreement

An Australian law-governed Side Agreement that modifies or supplements an existing primary agreement between parties.

find out more

Lease Agreement With Option To Purchase

An Australian law-governed agreement combining property lease terms with a future purchase option, suitable for both residential and commercial properties.

find out more

Formal Agreement

Australian law-compliant Formal Agreement template with comprehensive contractual provisions suitable for various commercial relationships.

find out more

Casual Worker Contract

An Australian-compliant casual employment contract template establishing terms and conditions for casual workers under the Fair Work Act 2009.

find out more

Boilerplate Agreement

An Australian law-compliant template agreement establishing standard terms and conditions for business relationships.

find out more

Tooling Agreement

An Australian-law agreement governing the ownership, use, and maintenance of industrial tooling, dies, and specialized equipment between manufacturers and users.

find out more

Representation Agreement

An Australian-law governed agreement establishing the terms and conditions under which a representative may act on behalf of a principal.

find out more

Provisional Agreement

An Australian-law governed temporary contractual arrangement establishing interim terms and conditions between parties while working towards a permanent agreement or short-term objective.

find out more

Preliminary Agreement

An Australian law-governed framework document establishing initial terms and conditions for commercial negotiations, including both binding and non-binding provisions.

find out more

Lease With Option To Buy

An Australian agreement combining a property lease with a future purchase option, governed by Australian property law and regulations.

find out more

Land Agreement Between Two Parties

An Australian legal agreement governing land transfer or use between two parties, compliant with federal and state property laws.

find out more

Common Terms Agreement

An Australian law-governed master agreement establishing standard terms across multiple facility agreements in a syndicated financing arrangement.

find out more

Subordination Agreement Mortgage

An Australian law agreement establishing priority arrangements between multiple mortgage holders over the same property, setting out their respective rights and ranking of security interests.

find out more

Enforceable Contract

Australian-compliant enforceable contract template suitable for various business relationships, incorporating all essential elements required under Australian contract law.

find out more

Basic Contract

A standard Australian-law compliant contract template for establishing basic business agreements between parties.

find out more

Prenuptial Agreement

An Australian Binding Financial Agreement (prenuptial agreement) that outlines financial arrangements between prospective spouses under the Family Law Act 1975.

find out more

Rental Lease Agreement Form

An Australian-compliant legal document establishing the terms and conditions between landlord and tenant for residential property rental.

find out more

Contra Agreement

An Australian legal document governing the exchange of goods or services between parties without monetary payment, compliant with Australian contract law and GST regulations.

find out more

Lease Agreement

An Australian lease agreement governing the terms and conditions for property rental, compliant with federal and state property laws.

find out more

Contractual Agreement

An Australian law-governed agreement establishing formal business relationships between parties, outlining rights, obligations, and terms of engagement.

find out more

Security Agreement Form

An Australian legal document creating a security interest in personal property under the PPSA, detailing terms of security arrangements between secured parties and grantors.

find out more

Labour Contract Agreement For Construction Of House

An Australian-compliant labour contract agreement for residential house construction, outlining construction terms, responsibilities, and legal obligations.

find out more

Business Cooperation Agreement

An Australian law-governed agreement establishing terms for business cooperation between two or more entities.

find out more

Rolling Tenancy Agreement

An Australian periodic residential tenancy agreement that continues indefinitely until terminated by notice from either party, compliant with Australian tenancy laws.

find out more

Lodger Agreement

An Australian legal agreement between a property owner/head tenant and a lodger for shared living arrangements, covering room usage, facilities, payments, and house rules.

find out more

Consulting Agreement

An Australian-law governed agreement establishing terms and conditions for professional consulting services between a consultant and client.

find out more

Intent To Purchase Agreement

An Australian-law governed preliminary agreement outlining the intention to purchase assets, property, or business interests, establishing key transaction terms and conditions.

find out more

Head Of Terms Agreement

An Australian-law governed preliminary agreement outlining key commercial terms between parties, serving as a framework for negotiating definitive agreements.

find out more

Business Contract

Australian business contract template for commercial relationships, compliant with Australian law and adaptable to various business contexts.

find out more

Umbrella Agreement

An Australian law-governed master agreement establishing a framework for ongoing business relationships and future specific agreements between parties.

find out more

Share Purchase Agreement

An Australian law-governed agreement documenting the sale and purchase of shares in a company, including price, warranties, and completion mechanics.

find out more

Rent To Own Agreement Form

An Australian legal agreement establishing terms for a property rent-to-own arrangement, combining rental terms with a future purchase option.

find out more

Consulting Services Agreement

An Australian law agreement governing the provision of professional consulting services, establishing terms, conditions, and obligations between consultant and client.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it