Document background
The Master Supplier Agreement is a fundamental commercial contract used to establish and govern long-term supply relationships in the Philippine market. This agreement type is particularly important in the Philippine business context, where relationships between suppliers and customers often need to navigate both local regulatory requirements and international business practices. The document typically functions as an umbrella agreement under which subsequent purchase orders can be placed, establishing standardized terms for quality standards, delivery requirements, pricing mechanisms, and risk allocation. It includes specific provisions to ensure compliance with Philippine laws, including the Civil Code, Consumer Act, and Competition Law, while providing flexibility to accommodate various types of goods or services. The Master Supplier Agreement is especially valuable for businesses seeking to establish consistent, long-term supply arrangements while maintaining clear legal protections and operational efficiency.
