Source: http://whichdraft.com/contract/supply-chain-contract/
Timestamp: 2013-05-22 03:45:17
Document Index: 125748851

Matched Legal Cases: ['arty 1', 'arty 2', 'arty 1', 'arty 2', 'arty 1', 'arty 2', 'arty 1', 'arty 2', 'arty 1', 'arty 2', 'arty 1', 'arty 2', 'arty 1', 'arty 2', 'arty 1', 'arty 2', 'arty 1', 'arty 2', 'arty 1', 'arty 2']

A "Contract Year" indicates what dates start and end the year used to project forecasts.Party 1:Party 2:DEFINITION - CONTRACT YEAR - When should the Contract Year begin and end? Calendar year - January 1 - December 31. Fiscal year - October 1 - September 30. I will specify the Contract Year. Beginning date: End date:Many times, the customer wants to make clear that the "Facility" is stated at a specific address in the Agreement, so that any relocation of the Facility later is approved by the customer to ensure that quality requirements will still be met.Party 1:Party 2:FACILITY - What is the address of the Facility where the Deliverables are manufactured?"Deliverables" are the tangible goods or intellectual property provided under an agreement for payment. "Services" are not goods or deliverables, which are the tangible results of the services. For example, if a consultant is engaged to meet with and better understand a customer's manufacturing system and then provide a written report summarizing how to improve the system, the meeting and understanding would be the services, while the report itself would be a deliverable.Party 1:Party 2:DELIVERABLES (Party-1 Buys) - What are the Deliverables Party-2 will provide to Party-1 pursuant to this Agreement?A "Forecast" is a document that is an estimate of how many Deliverables the customer wants to buy from the vendor within a particular time frame, and the vendor usually represents that it will be able to supply the forecasted amount of Deliverables. Instead of a non-binding estimate, sometimes the parties make the forecast binding and the customer has to purchase the entire Forecast amount. A "Purchase Order" is a document that is an actual order (not an estimate) for Deliverables, listing the Deliverable type, quantity and delivery date. Purchase Orders are binding and require the customer to purchase the entire amount stated in the Purchase Order.Party 1:Party 2:FORECASTS AND PURCHASE ORDERS (Party-1 Buys) - How often do I want to issue forecasts and purchase orders? Timing.Forecast timing. Quarterly Forecasts. Non-binding Forecast - 90 days notice. Binding Forecast - 90 days notice. Annual Forecasts. Non-binding Forecast - 90 days notice. Binding Forecast - 90 days notice. Forecast amounts agreed up front.Please specify the Deliverable amounts for each Quarter/Calendar Year during the Term.Purchase Order timing. Occasional Purchase Orders.How many days for delivery of the Deliverables? Monthly Purchase Orders.How many days for delivery? Quarterly Purchase OrdersHow many days for delivery? Annual Purchase Orders.How many days for delivery?"Exclusivity" or a "Requirements Contract" means that the customer must only purchase a certain kind of Deliverable from the vendor (and not from anyone else) while the Agreement is in effect.Party 1:Party 2:EXCLUSIVITY (Party-1 Buys) - Does Party-1 have to exclusively purchase the Deliverables from Party-2? Yes.Can Party-1 buy other products similar to the Deliverables? No.Please describe the products similar to the Deliverables. Yes.Can Party-1 purchase from third parties with lower price offers? Yes. No. No exclusivity."Marks and Copyrights" instructions explain to the vendor what the Deliverables packaging, labels and inserts must look like so that the Deliverables are ready for resale by the customer.Party 1:Party 2:MARKS AND COPYRIGHTS INSTRUCTIONS - What are the Marks and Copyrights instructions?"Shelf Life" means how long the Deliverables will last before they expire.Party 1:Party 2:SHELF LIFE - How long is the shelf life for the Deliverables?Once a customer takes ownership and title to goods, if the goods are damaged or lost, then that becomes the customer's responsibility. Because of these consequences, the parties usually discuss and agree on the point where ownership, title and risk of loss are transferred to the customer. "Acceptance" is the point after the customer receives the Deliverables and has concluded that the Deliverables comply with the Agreement's requirements.Party 1:Party 2:OWNERSHIP, TITLE AND RISK OF LOSS (Deliverables) (Party-1 Buys) - At what point does ownership, title and risk of loss transfer to the customer? Acceptance by Party-1. Receipt by Party-1. Shipment to Party-1.A fee in this context can take many forms, including a flat fee, the total of the hours/days incurred times the hourly/daily rates, a guaranteed maximum fee, a per Service/Deliverable fee, a per milestone fee, or other arrangement.Party 1:Party 2:FEE (Services/Deliverables) (Party-1 Buys) - What are the fees? Flat fee.What is the flat fee? Rate fee. Hourly Rate.What is the hourly rate for each member of Party-2's personnel? Daily Rate.What is the daily rate for each member of Party-2's personnel? Guaranteed maximum fee equal to the lesser of a flat fee, or either an hourly rate fee or daily rate fee. Guaranteed maximum flat fee.What is the maximum flat fee?Hourly rate fee or daily rate fee? Hourly rate.What is the hourly rate for each member of Party-2's personnel? Daily rate.What is the daily rate for each member of Party-2's personnel? Per Service/Deliverable fee.Please list each Service/Deliverable and fee. Per milestone fee.Please list each milestone and fee. Other arrangements.Please list each fee."Payment Schedule" means when the vendor will bill the customer. The customer may prefer not to be billed until after acceptance, which is a legal concept that gives the customer a short testing period after receiving goods or services to determine whether or not they are satisfactory. The vendor instead prefers to invoice the customer upon receipt of goods or services, so that the vendor can recognize its revenue sooner.Party 1:Party 2:FEE - PAYMENT SCHEDULE (Party-1 Buys) - What is the payment schedule? Payment schedule by percentages of overall flat fee. 3 payments. 1/3 payment on Effective Date, 1/3 on Deliverables receipt date, and 1/3 on Deliverables acceptance date. 1/3 payment on Effective Date, 1/3 on Deliverables shipment date, and 1/3 on Deliverables receipt date. 4 payments (for deals where Deliverables specifications will be created). 1/4 payment on Effective Date, 1/4 on Deliverables specifications date, 1/4 on Deliverables receipt date, and 1/4 on Deliverables acceptance date. 1/4 payment on Effective Date, 1/4 on Deliverables specifications date, 1/4 on Deliverables shipment date, and 1/4 on Deliverables receipt date. I will specify the percentages and dates/milestones.Please specify the percentages and dates/milestones. Monthly payments for Services based on hourly rate. Payment of overall flat fee upon Deliverable acceptance or receipt. Acceptance. Receipt. Payment upon milestone achievement.Please specify each milestone and the fee amount to be invoiced. Different payment schedules for different Services and Deliverables.Please specify each fee payment schedule."Affiliates" means a party's parent, subsidiary, or related business associations that, in future purchases, could receive the same pricing under this contract. "Most Favored Customer Status" means that a customer is receiving a deal from a vendor which is just as good or better than any other deal the vendor has with any other customer.
Supply Your Needs. Use this Supply Chain Contract goods from an ongoing supply, manufactured according to your needs, subject to quality requirements.
Complete Description. This Supply Chain Contract covers customers buying goods from an ongoing supply, manufactured according to the customer’s needs, subject to quality requirements, and explains the contract year, fiscal quarters, forecasts, purchase orders, finished goods, copyrights, trademarks, quality system, facility, materials, certificates of analysis, quality control, shelf life, customer complaints, recalls, inventory at the end of the term, shortages, ownership, title, risk of loss, acceptance, returns, fees, invoices and taxes, warranties, disclaimers, indemnification, term and termination, force majeure, publicity, and general boilerplate for a supply chain contract.