Supply Agreements
Business & Commercial
Supply Agreements Newcastle NSW
A supply agreement is an agreement for the transaction of goods from one party to another; from the supplier to the purchaser. Such agreements can apply to an extremely broad scope of businesses and industries, which all have their own individual requirements. It is therefore essential to ensure the agreement reflects the agreement between the parties within the context of the relevant industry.
In making such agreements or being party to them as a supplier or purchaser, there are specific contractual arrangements to be kept in mind. For example, if you are a supplier, your main concern may be if a business you are contracting with becomes insolvent before you get paid, whether you can retrieve your supplied goods. Another important factor to consider may be continuing a good working relationship with your supplier or purchaser, which will require a clear legal agreement.
Whether you are the supplier or purchaser, there are a number of things you need to consider in a supply agreement to ensure that it is in your best interests to become party to one. Our team at Burgess Thomson can ensure all bases are covered and you are protected as much as possible if entering a supply agreement is something you are considering. We are also able to draft such agreements and go over agreements already drafted to ensure neither party is at an unfair disadvantage and all parties are happy with the agreement.
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Frequently asked questions
What should I consider if I am the supplier in a supply agreement?
As a supplier, you may need to consider how and when you are paid, shipping and delivery procedures, liability, warranties, terminating a supply agreement and unfair contract terms.
With our attention to detail and experience dealing with commercial matters, our team at Burgess Thomson can help you ensure that you are not left behind in a supply agreement. We can ensure the terms are agreeable to both parties and also that you are protected as much as possible.
What should I consider if I am the purchaser in a supply agreement?
A preliminary agreement is a separate contract signed by you and the builder to carry out preliminary work. However, this does not mean you have to sign a building contract. The type of work usually defined and undertaken on the preliminary agreement include things like soil tests, plan preparation, engineering, foundation design and site survey.Can parties make variations to a building contract?
As a purchaser, you may need to consider the description of the goods in question, how and when you are expected to pay your supplier, delivery of the goods and Australian consumer law and warranties.
With our attention to detail and experience dealing with commercial matters, our team at Burgess Thomson can help you ensure that you are not left behind in a supply agreement. We can ensure the terms are agreeable to both parties and also that you are protected as much as possible.
Why is the description of goods important?
It is essential to know (among other things) what goods you are receiving, what condition they will be in, how many you should expect and whether they are fit for your purpose. Essentially, the question is what are you getting for your money? A more detailed description of the goods will minimise the possibility of a dispute arising later on after the agreement has been executed due to confusion about what was supplied and what was received.
