The Feedstock Supply Agreement is essential for businesses requiring regular supply of raw materials or feedstock for their operations. This document is particularly relevant in the Belgian market, where it must comply with both Belgian national law and EU regulations. It is typically used when establishing long-term supply relationships that require detailed quality specifications, consistent delivery schedules, and clear pricing mechanisms. The agreement addresses critical aspects such as quality control, delivery terms, force majeure events, and regulatory compliance, while incorporating specific Belgian legal requirements for commercial contracts. It's especially important for industries where consistent supply of raw materials is crucial for operational continuity and where quality standards are strictly regulated.
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1. Parties: Identification of supplier and buyer with full legal details
2. Background: Context of the agreement and brief description of parties' business relationship
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Supply Obligations: Core obligations regarding supply of feedstock, including quantities and exclusivity provisions
5. Specifications and Quality: Required specifications, quality standards, and compliance requirements
6. Forecasting and Ordering: Process for forecasting requirements and placing orders
7. Delivery and Risk: Delivery terms, timing, location, and transfer of risk
8. Price and Payment: Pricing mechanism, payment terms, invoicing, and currency
9. Quality Control and Testing: Testing procedures, acceptance criteria, and rejection rights
10. Title: Transfer of title and ownership provisions
11. Warranties: Supplier warranties regarding feedstock quality and compliance
12. Compliance with Laws: Obligations to comply with applicable laws and regulations
13. Liability and Indemnification: Liability limitations and indemnification obligations
14. Force Majeure: Events excusing performance and consequences
15. Term and Termination: Duration, renewal, and termination rights
16. Confidentiality: Protection of confidential information
17. Governing Law and Dispute Resolution: Choice of Belgian law and dispute resolution mechanism
18. General Provisions: Standard boilerplate clauses including notices, assignment, and amendments
1. Sustainability Requirements: Include when parties have specific sustainability commitments or when feedstock has environmental implications
2. Storage Requirements: Include when supplier needs to maintain storage of feedstock
3. Security of Supply: Include when buyer requires specific security of supply provisions such as safety stock
4. Insurance: Include when specific insurance requirements beyond standard coverage are needed
5. Performance Guarantees: Include when supplier must meet specific performance metrics
6. Price Adjustment: Include when parties want specific price adjustment mechanisms beyond standard inflation
7. Intellectual Property: Include when feedstock involves proprietary technology or processes
8. Anti-Corruption: Include for international supply relationships or when required by corporate policies
9. Change Control: Include when formal process for changes to specifications is required
1. Schedule 1 - Feedstock Specifications: Detailed technical specifications of the feedstock
2. Schedule 2 - Pricing and Payment Terms: Detailed pricing mechanism, calculations, and payment procedures
3. Schedule 3 - Delivery Schedule: Detailed delivery requirements, locations, and timeframes
4. Schedule 4 - Quality Control Procedures: Detailed testing and quality control procedures
5. Schedule 5 - Key Performance Indicators: Performance metrics and measurement methodology
6. Schedule 6 - Form of Purchase Order: Standard form for placing orders
7. Schedule 7 - Technical Requirements: Additional technical requirements for handling and storage
8. Schedule 8 - Contact Details: Key contact persons and their details for both parties
9. Appendix A - Safety Data Sheets: Safety information for hazardous materials if applicable
10. Appendix B - Compliance Certificates: Required regulatory or quality certifications
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