Inventory Purchase Agreement Template for Philippines

1. Exclusivity: Used when the buyer commits to purchasing exclusively from the seller or when the seller commits to selling exclusively to the buyer

2. Minimum Purchase Commitments: Include when there are required minimum purchase quantities over specific periods

3. Storage and Warehousing: Required when specific storage conditions or warehousing arrangements are part of the agreement

4. Insurance Requirements: Detailed insurance obligations when specific coverage is required for high-value inventory

5. Quality Control Procedures: Include for regulated products or when specific quality standards must be maintained

6. Return and Replacement Policy: Detailed procedures for returns and replacements when dealing with sensitive or perishable inventory

7. Force Majeure: Include specific force majeure provisions when dealing with international suppliers or critical inventory items

8. Intellectual Property Rights: Required when the inventory involves branded products or proprietary items

1. Schedule A - Product Specifications: Detailed specifications of all inventory items covered by the agreement

2. Schedule B - Price List: Comprehensive price list for all inventory items, including any volume discounts

3. Schedule C - Delivery Locations: List of approved delivery locations and any specific delivery requirements

4. Schedule D - Quality Standards: Detailed quality standards and testing procedures for inventory acceptance

5. Schedule E - Key Performance Indicators: Metrics for measuring performance under the agreement

6. Appendix 1 - Order Form Template: Standard form for placing inventory orders

7. Appendix 2 - Certificate of Acceptance: Template for confirming receipt and acceptance of delivered inventory