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Supply Of Goods Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Supply Of Goods Agreement

"I need a Supply of Goods Agreement for my Hong Kong manufacturing company to supply automotive parts exclusively to a major car manufacturer, including minimum purchase commitments and quality control requirements, with the agreement to commence in January 2025."

Document background
This Supply of Goods Agreement template is designed for use in commercial transactions governed by Hong Kong law, where one party agrees to supply goods to another on a recurring or single-delivery basis. It is particularly suitable for businesses engaged in manufacturing, distribution, or retail operations within or through Hong Kong. The agreement incorporates key provisions required under Hong Kong legislation, including the Sale of Goods Ordinance (Cap. 26) and related commercial laws. It includes comprehensive terms covering order processes, delivery requirements, quality standards, warranties, risk transfer, and payment terms, while providing flexibility to accommodate various commercial arrangements and industry-specific requirements. This template can be adapted for both domestic Hong Kong transactions and international trade relationships where Hong Kong law is chosen as the governing law.
Suggested Sections

1. Parties: Identifies and provides full legal details of the supplier and purchaser

2. Background: Sets out the context of the agreement and basic commercial intent of the parties

3. Definitions: Defines key terms used throughout the agreement

4. Supply Obligations: Core obligations regarding the supply of goods, including ordering process and delivery terms

5. Quality and Specifications: Details the required quality standards, specifications and compliance requirements for the goods

6. Price and Payment: Specifies pricing, payment terms, invoicing requirements and payment methods

7. Delivery and Risk: Addresses delivery requirements, timing, transfer of risk and title in the goods

8. Warranties: Sets out warranties regarding the goods, including quality, fitness for purpose and compliance with laws

9. Inspection and Rejection: Procedures for inspecting goods and rights to reject non-conforming goods

10. Liability and Indemnity: Establishes liability framework and indemnities between the parties

11. Term and Termination: Duration of agreement and circumstances allowing termination

12. Force Majeure: Provisions dealing with events beyond parties' reasonable control

13. Confidentiality: Obligations regarding protection of confidential information

14. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law

Optional Sections

1. Minimum Purchase Commitments: Used when purchaser commits to minimum purchase volumes or values

2. Exclusivity: Include when either party has exclusive rights or obligations

3. Insurance: Detailed insurance requirements, particularly for high-value or high-risk goods

4. Intellectual Property: Required when IP rights are relevant to the goods or their use

5. Change Control: Include for complex supply arrangements where specifications may need to change

6. Performance Metrics: Used when specific KPIs or service levels apply to the supply

7. Compliance with Laws: Detailed section needed for regulated products or cross-border supply

8. Data Protection: Required when personal data processing is involved in the supply arrangement

9. Anti-Corruption: Important for cross-border supplies or public sector customers

Suggested Schedules

1. Goods Specification: Detailed technical specifications and requirements for the goods

2. Pricing Schedule: Detailed pricing information, including any volume discounts or price adjustment mechanisms

3. Service Levels: Performance metrics and measurement criteria if applicable

4. Order Form Template: Standard form for placing orders under the agreement

5. Delivery Locations: List of approved delivery locations and any specific delivery requirements

6. Quality Standards: Detailed quality requirements and testing procedures

7. Key Contacts: Contact details for key personnel on both sides

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses




































Relevant Industries

Manufacturing

Retail

Technology

Electronics

Food and Beverage

Automotive

Pharmaceuticals

Consumer Goods

Industrial Equipment

Textiles

Construction Materials

Chemical Industry

Medical Supplies

Agriculture

Energy

Relevant Teams

Procurement

Supply Chain

Legal

Operations

Commercial

Finance

Risk and Compliance

Sales

Business Development

Vendor Management

Contract Administration

Relevant Roles

Procurement Manager

Supply Chain Director

Commercial Director

Chief Operating Officer

Purchasing Officer

Legal Counsel

Contract Manager

Operations Manager

Supply Chain Analyst

Vendor Relations Manager

Sales Director

Business Development 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

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