Document background
The Master Pricing Agreement (MPA) is a fundamental commercial document used to establish and govern long-term pricing arrangements between suppliers and buyers in the Philippine market. It is particularly suitable for businesses engaging in regular, recurring transactions where standardized pricing and terms are essential. The document addresses key aspects including price determination, adjustment mechanisms, volume commitments, and operational procedures, while ensuring compliance with Philippine regulatory requirements such as the Price Act, Competition Act, and Consumer Act. This agreement type is commonly used in various industries where stable, predictable pricing arrangements are crucial for business planning and operations. The MPA serves as an umbrella agreement under which specific purchase orders or transaction documents can be executed, providing efficiency and consistency in commercial relationships.
