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Preferred Supplier Agreement
"I need a Preferred Supplier Agreement for my Singapore-based technology company to secure a long-term hardware supplier relationship with volume discounts and strict quality control measures, including quarterly performance reviews starting from March 2025."
1. Parties: Identification and details of the supplier and purchaser
2. Background/Recitals: Context of the agreement and relationship between parties
3. Definitions and Interpretation: Key terms and their meanings used throughout the agreement
4. Appointment and Scope: Terms of supplier appointment and scope of supply arrangement
5. Supply Obligations: Core obligations of the supplier including quality, quantity, and delivery terms
6. Pricing and Payment: Price structure, payment terms, invoicing requirements
7. Term and Termination: Duration of agreement and circumstances for termination
8. Warranties and Representations: Standard warranties regarding capacity, quality, and compliance
9. Liability and Indemnity: Allocation of risks and liability between parties
10. Confidentiality: Protection of confidential information
11. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms
1. Performance Metrics: Specific KPIs and service levels for measuring supplier performance
2. Data Protection: PDPA compliance obligations and data handling requirements
3. Insurance: Specific insurance coverage requirements and minimum coverage amounts
4. Intellectual Property: IP ownership, licensing arrangements and protection measures
5. Force Majeure: Provisions for handling unforeseen circumstances and their impact on obligations
1. Products/Services Schedule: Detailed description of goods/services to be supplied including specifications
2. Pricing Schedule: Detailed pricing structure, including any volume discounts or pricing mechanisms
3. Service Levels: Detailed performance metrics, measurement criteria and reporting requirements
4. Technical Specifications: Detailed technical requirements and standards for products/services
5. Key Personnel: List of key contacts, responsible personnel and escalation matrix
6. Compliance Requirements: Specific regulatory, industry and quality compliance requirements
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