Document background
The Master Framework Agreement is designed for businesses operating in Belgium seeking to establish a structured, long-term commercial relationship with their business partners. It serves as the primary agreement that sets out the general terms and conditions governing all future transactions, while allowing for specific details to be agreed upon in subsequent individual agreements or purchase orders. This document type is particularly valuable for companies engaging in repeated transactions or ongoing services, as it eliminates the need to negotiate basic terms for each individual transaction. The agreement must comply with Belgian law, including the Belgian Civil Code and Code of Economic Law, as well as relevant EU regulations. It typically includes provisions for ordering processes, payment terms, liability allocation, intellectual property rights, and dispute resolution mechanisms, while remaining flexible enough to accommodate various business needs and sector-specific requirements.
