Supply agreements serve as the lifeblood of many manufacturing
companies. These agreements outline the terms and conditions
controlling the supply of goods and services between various
parties. Without this framework, many businesses could not meet the
pressing demands of the modern-day marketplace.
With so much riding on these agreements, savvy business
professionals must pay particular attention to agreement terms. The
negotiation of supply agreement terms and conditions should involve
the entire business team, not just the attorneys. Failure to
critically think through options and deal terms often leads to lost
profits and liability concerns over the life of a supply agreement.
While by no means an exhaustive list, these tips below will help
your business kick-start the supply agreement planning process.
