Framework Supply Agreement

This document is concerned with standard conditions for the supply of goods to business customers (as opposed to consumer transactions).

Where the parties have a continuing relationship based on a large volume of business under regular orders, the most efficient way to proceed is to enter into a Framework Supply Agreement which regulates the mechanism for placing orders and decides in advance the terms and conditions which will govern each order. Such agreements are useful because they make order placing easier, and usually also contain a mechanism enabling the seller to have visibility of his buyer's future requirements and to make some preparation to meet them.