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Supply Of Goods Agreement

Supply Of Goods Agreement Template for Singapore

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Key Requirements PROMPT example:

Supply Of Goods Agreement

"I need a Supply of Goods Agreement for my manufacturing company to supply industrial equipment to a Singapore-based distributor, with specific quality standards and monthly minimum purchase commitments starting from March 2025."

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What is a Supply Of Goods Agreement?

The Supply of Goods Agreement is a fundamental commercial contract used when one party agrees to supply goods to another on an ongoing or one-time basis. This agreement is essential for businesses operating in Singapore, incorporating local legal requirements while establishing clear terms for the supply relationship. The document typically covers crucial aspects such as product specifications, pricing mechanisms, delivery terms, quality standards, and warranty provisions. It's particularly important for ensuring compliance with Singapore's Sale of Goods Act and related legislation, while providing clarity and protection for both suppliers and buyers in their commercial relationship.

What sections should be included in a Supply Of Goods Agreement?

1. Parties: Identification and details of contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Supply Obligations: Core obligations regarding supply of goods

5. Specifications: Detailed description of goods to be supplied

6. Price and Payment: Payment terms, pricing, and invoicing

7. Delivery: Delivery terms, timing, and logistics

8. Title and Risk: Transfer of ownership and risk in goods

9. Warranties: Product warranties and quality guarantees

10. Term and Termination: Duration and termination provisions

What sections are optional to include in a Supply Of Goods Agreement?

1. Minimum Purchase Commitments: Used when buyer commits to minimum volumes. Typically included in long-term supply relationships.

2. Exclusivity: Exclusive supply arrangements for strategic partnerships

3. Insurance: Insurance requirements for high-value or high-risk goods

4. Force Majeure: Events beyond reasonable control, particularly important for long-term or international supply

5. Compliance with Laws: Specific regulatory compliance obligations for regulated industries

What schedules should be included in a Supply Of Goods Agreement?

1. Product Specifications Schedule: Detailed technical specifications of goods

2. Pricing Schedule: Detailed pricing structure and mechanisms

3. Service Levels Schedule: Performance metrics and standards

4. Delivery Schedule: Detailed delivery requirements and timelines

5. Quality Standards Schedule: Specific quality requirements and testing procedures

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions


























Clauses






























Industries

Sale of Goods Act (SOGA): Primary legislation governing contracts for sale of goods, including conditions and warranties, rights and obligations of buyers and sellers, and passing of title and risk

Supply of Goods Act: Legislation specifically regulating the supply of goods in commercial transactions

Unfair Contract Terms Act (UCTA): Controls and limits the ability to exclude or restrict liability and unreasonable terms, particularly relevant for limitation of liability clauses

Contract Law: Common law principles governing contract formation and validity requirements

Consumer Protection (Fair Trading) Act: Relevant when dealing with consumers rather than B2B transactions, protecting consumer rights

Electronic Transactions Act: Governs contract formation and performance involving electronic means

Goods and Services Tax Act: Addresses tax implications related to supply of goods

UN Convention on Contracts for the International Sale of Goods (CISG): International law relevant for international supply, though Singapore is not a signatory

Competition Act: Ensures compliance with competition laws, particularly relevant for exclusive supply arrangements

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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