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Inter-company Supply Agreement

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Inter-company Supply Agreement

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Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000671
  • Version V 1.0
  • Last Updated 01-29-2024
  • Reviews 0
Document Summary

This Inter-Company Supply agreement outlines the terms and conditions governing the supply of products between the Supplier and the Buyer.

The agreement sets forth the rights and obligations of both parties where the Supplier is responsible for ensuring that all products comply with the agreed-upon specification, while the Buyer must pay the Supplier’s fees and agrees to indemnify the Supplier for any loss of production, time, or costs associated with its failure to order in accordance with the anticipated demand outlined in the Forecast.

Description

This agreement contains the following sections:

  1. Definitions and Interpretation
  2. Commencement and duration
  3. Products and specification
  4. Purchase orders
  5. Fees and payment
  6. Delivery and transfer of risk
  7. Liability for defective products
  8. Product quality control
  9. Indemnity
  10. Confidentiality
  11. Reservation of rights and acknowledgement
  12. Supplier’s property
  13. Policies
  14. Termination
  15. Effects of expiry or termination
  16. Force majeure
  17. Variation
  18. Entire agreement
  19. No waiver
  20. Assignment
  21. Notices
  22. No partnership
  23. Language
  24. Governing law and jurisdiction
  25. Miscellaneous
  26. Counterparts

Schedule 1 – Fees Matrix

Schedule 2 – Inter Company Quality Agreement

Schedule 3 – Products

Schedule 4 – Specifications

Schedule 5 – Return & Damage Policy

Jurisdiction

This letter is intended for use in the United Arab Emirates.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

  • The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
  • Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
  • Please remove the square brackets and all highlighting prior to signature.