Long Term Agreement Template
Yes, all ContractStore models are in MS Word, and you can use the contract for more than one project. More information can be found in the video on our website or in our FAQs that provide ContractStore templates and are not law firms. But all of our models are written by experienced lawyers This is a general agreement for a relatively long period, during which one party commits to deliver and the other to buy annual quantities of products or materials. The agreement contains minimum and maximum annual quantities with a destination for each sale that must be made against an order for a fixed quantity. This agreement may be used for manufactured goods or raw materials, although some raw materials subject to environmental considerations are subject to detailed provisions and local legal advice. This model is only intended for use when the supplier and buyer are based in the UK and the goods must be delivered to the UK. In any other case, you should give professional legal advice regarding the terms of the agreement that will suit your circumstances. Price adjustments in a long-term contract are generally necessary, and we have assumed in the 6.2 that there may be a price adjustment formula. That could include, for example. B, an annual price adjustment referring to the government`s retail price index in the supplier`s country. Alternatively, prices can be adjusted in reference to the supplier`s price list or, if there is no formula, there could be a three-month negotiation period and, in the absence of an agreement, the supplier has the right to terminate the contract (6.3). Who can use this license? The inventor or designer of a product may use this license for manufacturing and sale. What`s the purpose of this license? The license sets out the agreed terms in which…
It should allow sellers and buyers to work by agreement with pre-defined prices and minimum/quantitative quantities, with all sales made against order. Thus, we can arrange legal assistance for clients who need special conditions in one of our documents or a custom model. . For more information, visit our Legal Services page. The terms of this agreement are written taking into account the relationship between manufacturers and buyers. An alternative version of this document, intended for suppliers who purchase goods themselves from other parties, is available.