Document background
The Supply Framework Agreement is designed for businesses requiring a structured approach to long-term supply relationships in India. It establishes a master agreement that sets out the fundamental terms and conditions governing the supply of goods, while allowing flexibility for individual orders through purchase orders. This document is particularly useful when parties anticipate multiple transactions over time and need a consistent legal framework that complies with Indian law. The agreement typically includes detailed provisions for ordering procedures, quality standards, delivery terms, pricing mechanisms, and risk allocation, while incorporating necessary compliance requirements under Indian legislation such as the Contract Act, Sale of Goods Act, and relevant industry regulations. The framework nature of the agreement allows parties to avoid negotiating terms for each individual transaction while maintaining certainty in their commercial relationship.
