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Preferred Supplier Agreement
"I need a Preferred Supplier Agreement under Austrian law for my manufacturing company to establish a long-term relationship with an industrial equipment supplier, including volume-based pricing and quality control requirements, with the agreement starting from March 2025."
1. Parties: Identification and details of the supplier and buyer entities, including registration numbers and addresses
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Establishment of preferred supplier status and scope of supply arrangement
5. Term and Termination: Duration of the agreement, renewal provisions, and termination rights
6. Ordering Process: Procedures for placing and accepting orders, including any minimum purchase commitments
7. Prices and Payment: Pricing structure, payment terms, and invoicing requirements
8. Delivery and Performance: Delivery terms, timelines, and performance standards
9. Quality Requirements: Quality standards, specifications, and quality control procedures
10. Warranties: Warranties regarding products/services and standard of performance
11. Liability and Indemnification: Allocation of risks and responsibilities between parties
12. Confidentiality: Protection of confidential information exchanged between parties
13. Force Majeure: Provisions for handling events beyond parties' reasonable control
14. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes
15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Most Favored Customer: Used when the buyer requires guarantee of best pricing and terms compared to supplier's other customers
2. Exclusivity Provisions: Include when parties agree to exclusive supply arrangement for specific products or territories
3. Volume Rebates: Include when offering discounts based on purchase volumes
4. Innovation and Development: Used when parties collaborate on product development or improvement
5. Environmental Compliance: Include when specific environmental standards or certifications are required
6. Data Protection: Required when personal data processing is involved in the supply relationship
7. Insurance Requirements: Include when specific insurance coverage is required from the supplier
8. Disaster Recovery: Used for critical supply relationships requiring business continuity planning
9. Anti-Corruption Compliance: Include for international supply relationships or when required by corporate policies
1. Schedule 1 - Products and Services: Detailed list of products/services covered under the agreement
2. Schedule 2 - Pricing Schedule: Detailed pricing information, including any volume-based pricing structures
3. Schedule 3 - Service Levels: Specific performance metrics and service level requirements
4. Schedule 4 - Technical Specifications: Detailed technical requirements and specifications for products/services
5. Schedule 5 - Key Performance Indicators: Metrics for measuring supplier performance
6. Schedule 6 - Operating Procedures: Detailed procedures for day-to-day operations and communication
7. Appendix A - Contact Details: Key contacts and escalation procedures
8. Appendix B - Form of Purchase Order: Standard form for placing orders under the agreement
Authors
Affiliate
Business Day
Commencement Date
Confidential Information
Contract Year
Delivery Location
Delivery Terms
Force Majeure Event
Good Industry Practice
Goods
Initial Term
Intellectual Property Rights
Key Performance Indicators (KPIs)
Minimum Purchase Commitment
Order
Preferred Supplier Status
Price
Products
Purchase Order
Quality Standards
Renewal Term
Services
Service Levels
Specifications
Subsidiary
Supply Chain
Term
Territory
Third Party
Volume Rebate
Working Hours
Background IP
Foreground IP
Most Favored Customer Terms
Quality Management System
Regulatory Requirements
Supply Requirements
Technical Documentation
Warranty Period
Term and Duration
Exclusivity
Ordering Process
Pricing and Payment
Delivery
Quality Requirements
Service Levels
Performance Standards
Volume Commitments
Most Favored Customer
Warranties
Title and Risk
Intellectual Property
Confidentiality
Data Protection
Force Majeure
Liability and Indemnification
Insurance
Compliance with Laws
Anti-Corruption
Audit Rights
Termination
Change Control
Assignment and Subcontracting
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Third Party Rights
Competition Law Compliance
Environmental Compliance
Health and Safety
Business Continuity
Staff and Personnel
Record Keeping
Reporting Requirements
Manufacturing
Retail
Technology
Automotive
Healthcare
Construction
Industrial Equipment
Consumer Goods
Electronics
Food and Beverage
Pharmaceuticals
Telecommunications
Energy
Chemical
Procurement
Legal
Supply Chain
Operations
Finance
Commercial
Vendor Management
Strategic Sourcing
Compliance
Risk Management
Procurement Manager
Supply Chain Director
Commercial Director
Legal Counsel
Purchasing Manager
Contract Manager
Operations Director
Chief Financial Officer
Vendor Relations Manager
Category Manager
Strategic Sourcing Manager
Supply Chain Analyst
Legal Director
Chief Operating Officer
Procurement Specialist
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