Document background
The Master Sale and Purchase Agreement serves as the primary contractual framework for establishing long-term commercial relationships between buyers and sellers in Belgium. This document is particularly suitable for businesses engaging in regular, repeated transactions where they need a stable, comprehensive agreement to govern their ongoing trade relationship. The agreement incorporates Belgian law requirements, including provisions from the Civil Code and Code of Economic Law, while also addressing EU regulatory requirements where applicable. It typically includes detailed terms on ordering, delivery, pricing, quality standards, and risk allocation, with flexibility to accommodate specific industry needs through schedules and appendices. The Master Sale and Purchase Agreement is designed to reduce transaction costs by eliminating the need to negotiate individual contracts for each sale while providing clear procedures for routine operations and dispute resolution.
