Procurement Agreement for India

Procurement Agreement Template for India

A comprehensive legal agreement governed by Indian law that establishes the terms and conditions for the procurement of goods and/or services between a supplier and purchaser. The document addresses key aspects including ordering processes, delivery terms, quality standards, warranties, payment terms, and dispute resolution mechanisms. It incorporates relevant provisions from Indian contract law, sale of goods legislation, and commercial regulations while ensuring compliance with GST requirements and other applicable Indian statutory provisions.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Procurement Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Procurement Agreement?

The Procurement Agreement serves as a crucial legal framework for businesses operating in India who need to establish clear terms for the purchase of goods or services. This document is essential when parties wish to create a formal, long-term procurement relationship that goes beyond simple purchase orders. The agreement comprehensively addresses all aspects of the procurement process, including ordering mechanisms, quality standards, delivery terms, warranties, and dispute resolution, while ensuring compliance with Indian legal requirements such as the Indian Contract Act, Sale of Goods Act, and GST regulations. It's particularly valuable for businesses seeking to standardize their procurement processes, manage supplier relationships effectively, and maintain regulatory compliance in the Indian market.

What sections should be included in a Procurement Agreement?

1. Parties: Identification and details of the parties entering into the agreement

2. Background: Context of the procurement relationship and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Supply: Detailed description of goods/services to be provided

5. Term and Renewal: Duration of the agreement and renewal provisions

6. Ordering Process: Procedures for placing and accepting purchase orders

7. Pricing and Payment Terms: Price structure, payment schedule, and invoicing requirements

8. Delivery and Acceptance: Delivery terms, timelines, and acceptance criteria

9. Quality Requirements: Quality standards, specifications, and compliance requirements

10. Warranties: Warranties regarding goods/services and general representations

11. Liability and Indemnification: Allocation of risks and indemnification obligations

12. Confidentiality: Protection of confidential information and trade secrets

13. Force Majeure: Events excusing performance and related procedures

14. Termination: Grounds for termination and post-termination obligations

15. Dispute Resolution: Process for resolving disputes including jurisdiction and governing law

16. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

What sections are optional to include in a Procurement Agreement?

1. Intellectual Property Rights: Required when the procurement involves software, technology or proprietary materials

2. Insurance Requirements: Needed for high-value procurements or when specific risks need to be covered

3. Performance Security: Include when bank guarantees or performance bonds are required

4. Compliance with Laws: Detailed section needed when specific regulatory compliance is critical

5. Environmental Requirements: Include for procurement involving environmental considerations

6. Import/Export Controls: Required for international procurement or controlled goods

7. Business Continuity: Important for critical supply arrangements

8. Data Protection: Required when personal data processing is involved

9. Anti-Corruption Compliance: Detailed provisions for high-value or government-related procurement

What schedules should be included in a Procurement Agreement?

1. Schedule 1 - Products/Services Specification: Detailed technical specifications of goods/services

2. Schedule 2 - Pricing Schedule: Detailed pricing structure, including any volume discounts

3. Schedule 3 - Service Levels: Performance metrics and service level requirements

4. Schedule 4 - Key Personnel: List of key contacts and responsible personnel from both parties

5. Schedule 5 - Delivery Locations: List of approved delivery locations and specific requirements

6. Schedule 6 - Quality Standards: Detailed quality requirements and testing procedures

7. Schedule 7 - Forms and Templates: Standard forms for purchase orders, acceptance certificates etc.

8. Schedule 8 - Compliance Requirements: Specific regulatory or industry compliance requirements

9. Appendix A - Insurance Requirements: Detailed insurance coverage requirements and limits

10. Appendix B - Technical Documentation: Required technical documentation and certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Clauses
Relevant Industries

Manufacturing

Technology

Retail

Healthcare

Pharmaceuticals

Automotive

Construction

Energy

Telecommunications

Electronics

Fast-Moving Consumer Goods

Industrial Equipment

Defense

Agriculture

Chemical

Relevant Teams

Procurement

Legal

Finance

Supply Chain

Operations

Compliance

Risk Management

Commercial

Vendor Management

Sourcing

Relevant Roles

Procurement Manager

Supply Chain Director

Legal Counsel

Contract Manager

Commercial Director

Chief Financial Officer

Operations Manager

Purchasing Officer

Vendor Manager

Supply Chain Analyst

Compliance Officer

Risk Manager

Category Manager

Sourcing Specialist

General Counsel

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Lease Agreement Form

An Indian law-compliant agreement establishing terms and conditions between property owner and tenant for the rental of residential or commercial property.

find out more

Evergreen Contract

An automatically renewing contract template compliant with Indian law, designed for ongoing business relationships.

find out more

Contract For Deed

An Indian law-compliant agreement where property is sold through installment payments, with the seller retaining title until full payment is received.

find out more

Bespoke Contract

A customized legal agreement tailored to specific business requirements under Indian law, incorporating both mandatory legal provisions and specialized commercial terms.

find out more

Supplementary Agreement

An Indian law-governed document that modifies or adds to an existing agreement while maintaining its core structure and legal framework.

find out more

Public Contract

An Indian law-governed agreement between a government entity and private party for public procurement, following government procurement regulations and compliance requirements.

find out more

Partnership Agreement In Written Form

A legally binding agreement under Indian law that establishes a partnership between two or more parties, defining their rights, responsibilities, and business relationship.

find out more

Business Agreement

A legally binding business agreement under Indian law establishing commercial relationships between parties, incorporating key provisions and compliance requirements.

find out more

Warrant Agreement

An Indian law-governed agreement establishing terms for issuance and exercise of warrants, complying with SEBI regulations and Companies Act requirements.

find out more

Triple Net Lease Agreement

An Indian law-governed lease agreement where the tenant is responsible for property taxes, insurance, and maintenance costs in addition to rent.

find out more

Surety Agreement

An Indian law-governed agreement where a surety guarantees the payment or performance obligations of a principal debtor to a creditor.

find out more

Subscription Agreement

An Indian law-governed agreement establishing terms for recurring access to products or services, defining rights and obligations of service providers and subscribers.

find out more

Sub Tenancy Agreement

An Indian law-compliant agreement allowing a tenant to lease their rented property to another party, subject to state-specific regulations and original lease terms.

find out more

Short Term Contract

An Indian law-governed contract for temporary employment relationships, establishing terms and conditions for fixed-duration engagements while ensuring compliance with local labor regulations.

find out more

Scheduling Agreement

An Indian law-governed framework agreement establishing terms for scheduled, recurring deliveries of goods or services with predetermined quantities and timelines.

find out more

Probationary Contract

An Indian law-governed employment agreement establishing terms for a probationary period of employment, including conditions for permanent confirmation.

find out more

Purchase Proposal

A formal document under Indian law outlining a buyer's intent to purchase specific goods or services, including key terms and conditions.

find out more

Novation Agreement (Real Estate)

An Indian law-governed agreement transferring rights and obligations under an existing real estate contract from one party to another, with the consent of all parties involved.

find out more

Novation Agreement

An Indian law-governed tripartite agreement that transfers contractual rights and obligations from one party to another, with all parties' consent.

find out more

Option Contract (Real Estate)

An Indian law-governed agreement granting exclusive rights to purchase specified real estate property within a set timeframe and price.

find out more

Material Contract

An Indian law-governed agreement establishing terms for material supply, including specifications, quality standards, and delivery terms.

find out more

Labor Contract

An Indian law-compliant employment agreement establishing terms and conditions between employer and employee.

find out more

Lease Deed

An Indian law-compliant legal document establishing terms and conditions for leasing property between a lessor and lessee.

find out more

Informal Contract

Template for creating simple, legally valid informal contracts under Indian law, suitable for small businesses and freelancers.

find out more

Individual Contract

An Indian law-governed employment contract establishing terms and conditions between employer and employee, ensuring compliance with local labor laws.

find out more

Franchise Agreement

An Indian law-governed agreement establishing a franchise relationship, granting business operation rights under the franchisor's brand and system.

find out more

Form For Independent Contractor

Standard Indian law-compliant Independent Contractor Agreement template for establishing and managing independent service provider relationships.

find out more

Encroachment Agreement

An Indian law-compliant agreement that resolves property encroachment issues between parties, establishing rights and obligations regarding the encroached property.

find out more

Executive Contract

An Indian law-governed employment agreement for executive positions, defining terms of employment, duties, compensation, and obligations in compliance with Indian corporate and labor laws.

find out more

Contingency Contract

An Indian law-governed Contingency Contract establishing obligations dependent on specified future uncertain events, structured under the Indian Contract Act, 1872.

find out more

Consent Agreement

An Indian law-compliant agreement documenting explicit consent for personal data collection and processing, ensuring legal data handling practices.

find out more

Business To Business Contract

An Indian law-governed contract template for establishing commercial relationships between business entities, ensuring compliance with Indian contract law and commercial regulations.

find out more

Barter Agreement

An Indian law-governed agreement facilitating the direct exchange of goods/services between parties without monetary consideration.

find out more

Master Contract

An Indian law-governed framework agreement that establishes standard terms and conditions for future specific agreements between parties.

find out more

Notarial Contract

An Indian law-governed contract formally authenticated by a licensed notary public, providing enhanced legal certainty and evidentiary value.

find out more

Basic Ordering Agreement

An Indian law-governed master agreement establishing terms and conditions for future orders between parties, streamlining recurring business transactions.

find out more

Guarantee Contract

An Indian law-governed contract where a guarantor undertakes to fulfill another party's obligations to a beneficiary upon default.

find out more

Tenancy Agreement Form

An Indian law-compliant agreement establishing terms and conditions between landlord and tenant for property rental, incorporating relevant state and central legislation requirements.

find out more

General Tenancy Agreement

An Indian law-compliant agreement establishing terms and conditions for property rental between landlord and tenant, governed by Indian property legislation and state-specific regulations.

find out more

Contract Agreement Form

A standardized contract agreement template compliant with Indian law, establishing legally binding terms between parties.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now