A supplier agreement is a contract between a supplier and a merchant/buyer. The supplier provides or supplies the goods and they may be a distributor or a wholesaler. The buyer purchases the goods and either sells them or utilizes them for business purposes according to the terms specified in the document. It is similar to a vendor agreement as goods are sold and purchased in both the agreements.
It generally contains information regarding the following:
An exclusive supplier agreement is similar to a supplier agreement in every aspect except for the fact that in an exclusive supplier agreement the buyer is prohibited from buying or acquiring the goods from any other seller or supplier than the one mentioned in the agreement. The clause of the legal ramifications in case of violation of this restriction will be present. Other factors remain the same in the agreement.
However, another type of agreement is a product supply agreement between the manufacturer and buyer where the buyer purchases huge quantity of goods directly from the manufacturer as opposing to a vendor contract where the two parties are the company and the vendor or the supplier. This agreement highlights the terms and conditions and also the rights and obligations of both the parties pertaining to the manufacture and sale of goods.
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