There are several issues that should be considered when drafting and negotiating a supply contract, including:
Quantity and quality of goods or services: The contract should clearly specify the quantity and quality of goods or services that are to be supplied.
Delivery schedule: The contract should specify the delivery schedule for the goods or services.
Payment terms: The contract should specify the payment terms, including the amount to be paid and the payment schedule.
Liability and indemnification: The contract should include provisions for liability and indemnification in case of any damages or losses caused by the supplier or the goods or services supplied.
Intellectual property rights: The contract should include provisions to protect any intellectual property rights related to the goods or services supplied.
Dispute resolution: The contract should include a mechanism for resolving disputes that may arise between the parties.
Termination: The contract should include provisions for termination of the contract in case of breach or other specified events.
Governing Law: The contract should specify which jurisdiction's laws will govern the contract.
Force Majeure: The contract should include a provision that deals with the effects of Force Majeure events on the contract.
Confidentiality: The contract should include a provision that safeguards the confidentiality of any sensitive information shared by the parties.
