The Contract For Supply of Goods and Services is essential when businesses need a unified agreement covering both physical deliverables and associated services. This hybrid contract type is particularly relevant in the United States market where transactions often combine product supply with installation, maintenance, or support services. It addresses key aspects including delivery terms, quality standards, warranties, payment conditions, and service level requirements, while ensuring compliance with both UCC provisions for goods and common law principles for services.
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1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement including UCC and relevant legislation references
4. Scope of Supply: Detailed description of goods and services to be provided
5. Price and Payment Terms: Pricing, payment schedule, and payment methods
6. Delivery Terms: Delivery schedules, locations, and conditions
7. Quality and Standards: Quality requirements and applicable standards
8. Warranties: Warranties provided for goods and services in compliance with Magnuson-Moss Warranty Act
9. Term and Termination: Duration and termination conditions
1. Insurance Requirements: Insurance obligations and requirements for high-value or high-risk supplies
2. Intellectual Property Rights: IP ownership, licenses, and protection measures
3. Service Level Agreement: Performance metrics and standards for ongoing service provisions
4. Change Control: Process for managing changes to scope, specifications, or terms
5. Export/Import Compliance: Requirements for international trade compliance
1. Schedule of Goods: Detailed list and specifications of goods to be supplied
2. Schedule of Services: Detailed description of services to be provided
3. Price Schedule: Detailed pricing breakdown and payment milestones
4. Service Level Requirements: Detailed performance metrics and service standards
5. Technical Specifications: Detailed technical requirements and standards compliance
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