Common Contracts
1 similar Framework Supply Agreement contracts
Framework supply agreement templateFramework Supply Agreement • April 28th, 2021
Framework agreements are arrangements between one or more buyers and one or more suppliers that provide the terms governing contracts to be established for a certain period of time, in particular with regard to price and, where necessary, the quantity envisaged. Other repetitive conditions known in advance, such as the place of delivery, may be included. They are also called blanket purchase agreements and master ordering agreements. Essentially, they are intended to provide expeditious ordering of commonly used, off-the-shelf goods, purchased on the basis of lowest price. Examples of such goods are printing supplies, stationery, computers and software, and pharmaceutical supplies. Relevance to trade facilitation Framework agreements save the time and cost of a sourcing process as they avoid the need to renegotiate standard terms and conditions. For purchases over long period of time, such arrangements contribute to improved relationships between buyers and sellers, whereby they work t
