This Product Supply Agreement template is designed for use in commercial transactions governed by Danish law where one party agrees to supply products to another on a recurring basis. It is particularly relevant for businesses operating in Denmark or those engaging with Danish entities, incorporating requirements from both Danish commercial law and applicable EU regulations. The agreement covers essential elements including product specifications, ordering mechanisms, delivery terms, quality standards, and risk allocation. It is structured to comply with the Danish Sale of Goods Act (Købeloven) while maintaining compatibility with international trade practices. The document is suitable for various commercial relationships, from simple supply arrangements to complex manufacturing and distribution agreements, and can be customized based on specific product requirements and business needs.
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Key Requirements PROMPT example:
Product Supply Agreement
I need a Product Supply Agreement governed by Danish law for supplying electronic components from our manufacturing facility in Denmark to multiple buyers across the EU, with specific quality control requirements and compliance with EU electronics standards, to be implemented by March 2025.
1. Parties: Identification and details of the supplier and buyer
2. Background: Context of the agreement and general commercial intent of the parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Supply Obligations: Core obligations of supplier to provide products and buyer to purchase
5. Ordering Process: Procedures for placing and accepting orders, including lead times
6. Delivery Terms: Delivery conditions, Incoterms, packaging requirements, and transfer of risk
7. Price and Payment: Product pricing, payment terms, invoicing, and any price adjustment mechanisms
8. Quality Requirements: Product specifications, quality standards, and compliance requirements
9. Warranties: Warranties regarding product quality, fitness for purpose, and compliance with laws
10. Non-Conforming Products: Procedures for handling defective or non-conforming products
11. Liability and Indemnification: Allocation of risks and responsibilities between parties
12. Term and Termination: Duration of agreement and circumstances for termination
13. Force Majeure: Events excusing performance and related procedures
14. Confidentiality: Protection of confidential information exchanged under the agreement
15. Governing Law and Jurisdiction: Applicable law and dispute resolution procedures
1. Forecast and Minimum Purchase: Include when there are minimum purchase commitments or formal forecasting requirements
2. Exclusivity: Include when either party has exclusive rights or obligations
3. Insurance: Include when specific insurance requirements are needed based on product risk
4. Intellectual Property: Include when IP rights are relevant to the products or relationship
5. Compliance with Laws: Include when products are heavily regulated or require specific compliance measures
6. Data Protection: Include when personal data processing is involved in the supply relationship
7. Export Control: Include for international trade or restricted products
8. Sustainability Requirements: Include when environmental or social responsibility commitments are important
9. Change Control: Include when formal processes for changes to specifications or terms are needed
10. Service Levels: Include when specific performance metrics need to be maintained
1. Product Specifications: Detailed technical specifications of products
2. Pricing Schedule: Detailed pricing information, including any volume discounts
3. Quality Standards: Detailed quality requirements and testing procedures
4. Service Levels: Detailed performance metrics and measurement methods
5. Approved Manufacturing Facilities: List of approved production locations
6. Order Form Template: Standard form for placing orders
7. Compliance Requirements: Detailed regulatory or compliance requirements
8. Contact Details: Key contacts and escalation procedures
9. Shipping and Packaging Requirements: Detailed logistics and packaging specifications
Authors
Relevant legal definitions
Agreement
Applicable Laws
Business Day
Confidential Information
Delivery Date
Delivery Location
Delivery Terms
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Minimum Order Quantity
Order
Order Confirmation
Price
Products
Product Specifications
Purchase Order
Quality Standards
Quarter
Representatives
Scheduled Delivery Date
Service Levels
Specification
Supplier Facilities
Term
Territory
Third Party
Working Hours
Warranty Period
Non-Conforming Products
Lead Time
Payment Terms
Quality Requirements
Recall
Regulatory Approvals
Supply Chain
Technical Documentation
Trade Controls
Unit Price
VAT
Applicable Laws
Business Day
Confidential Information
Delivery Date
Delivery Location
Delivery Terms
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Minimum Order Quantity
Order
Order Confirmation
Price
Products
Product Specifications
Purchase Order
Quality Standards
Quarter
Representatives
Scheduled Delivery Date
Service Levels
Specification
Supplier Facilities
Term
Territory
Third Party
Working Hours
Warranty Period
Non-Conforming Products
Lead Time
Payment Terms
Quality Requirements
Recall
Regulatory Approvals
Supply Chain
Technical Documentation
Trade Controls
Unit Price
VAT
Clauses
Definitions
Interpretation
Supply Obligations
Ordering Process
Delivery
Price and Payment
Quality Requirements
Product Specifications
Warranties
Title and Risk
Inspection and Testing
Non-Conforming Products
Product Returns
Intellectual Property
Confidentiality
Data Protection
Force Majeure
Liability and Indemnification
Insurance
Term and Termination
Consequences of Termination
Competition Law Compliance
Export Control
Anti-Corruption
Assignment and Subcontracting
Notices
Amendments
Waiver
Severability
Entire Agreement
Third Party Rights
Governing Law
Dispute Resolution
Regulatory Compliance
Environmental Compliance
Record Keeping
Audit Rights
Business Continuity
Change Control
Performance Reviews
Product Safety
Recalls
Marketing and Branding
Exclusivity
Forecasting
Minimum Purchase Obligations
Interpretation
Supply Obligations
Ordering Process
Delivery
Price and Payment
Quality Requirements
Product Specifications
Warranties
Title and Risk
Inspection and Testing
Non-Conforming Products
Product Returns
Intellectual Property
Confidentiality
Data Protection
Force Majeure
Liability and Indemnification
Insurance
Term and Termination
Consequences of Termination
Competition Law Compliance
Export Control
Anti-Corruption
Assignment and Subcontracting
Notices
Amendments
Waiver
Severability
Entire Agreement
Third Party Rights
Governing Law
Dispute Resolution
Regulatory Compliance
Environmental Compliance
Record Keeping
Audit Rights
Business Continuity
Change Control
Performance Reviews
Product Safety
Recalls
Marketing and Branding
Exclusivity
Forecasting
Minimum Purchase Obligations
Relevant Industries
Manufacturing
Retail
Consumer Goods
Industrial Products
Food and Beverage
Electronics
Automotive
Pharmaceuticals
Chemicals
Textiles
Construction Materials
Agriculture
Medical Devices
Technology Hardware
Relevant Teams
Legal
Procurement
Supply Chain
Operations
Quality Assurance
Commercial
Finance
Compliance
Risk Management
Logistics
Relevant Roles
Procurement Manager
Supply Chain Director
Commercial Director
Legal Counsel
Contract Manager
Operations Manager
Quality Assurance Manager
Sourcing Specialist
Category Manager
Business Development Manager
Chief Operating Officer
Purchasing Director
Vendor Manager
Commercial Lawyer
Supply Chain Analyst
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