Grocery Store Supply Agreement Sample
Grocery Store Supply Agreement Sample
I. Introduction
Title
This document is titled "Grocery Store Supply Agreement," which outlines the terms and conditions governing the supply of grocery products between the parties involved. The Agreement clarifies obligations and expectations for both the supplier and the grocery store.
Date
The effective date of this Agreement is [Date]. This date marks the beginning of the contractual relationship and the commencement of the obligations outlined herein.
Parties Involved
Supplier
[Second Party], a company incorporated and existing under the laws of [State], with its principal offices located at [Second Party’s Address]. As the supplier, [Second Party] will provide a range of grocery products to [Your Company Name] in accordance with this Agreement.
Grocery Store
[Your Company Name], a business entity operating as a retail grocery store, with its headquarters situated at [Your Company Address]. [Your Company Name] will receive and distribute the products supplied by [Second Party], ensuring compliance with the terms agreed upon.
II. Recitals
Purpose of Agreement
This Grocery Store Supply Agreement (the "Agreement") is made to formalize the arrangement whereby [Second Party] will supply various grocery products to [Your Company Name], ensuring a consistent supply of high-quality products.
Background
[Your Company Name] operates a retail grocery store and requires a reliable supplier to provide a range of grocery items. [Second Party] has the capability to fulfill these requirements under the terms outlined in this Agreement.
III. Definitions
Key Terms
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"Products" refers to the grocery items listed in Exhibit A.
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"Delivery Schedule" refers to the agreed-upon times and dates for delivery of Products as detailed in Section VII.
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"Confidential Information" includes all proprietary information disclosed by either party that is not publicly known.
IV. Scope of Supply
Products
[Second Party] agrees to supply [Your Company Name] with the following products: fresh produce, dairy products, packaged goods, and beverages as detailed in Exhibit A. All products must meet the quality standards specified in Exhibit B.
Quantity
The initial order quantity will be 500 units of each product, with the ability to adjust quantities based on market demand and inventory levels.
V. Ordering and Forecasting
Order Process
Orders will be placed via email or through [Second Party] online portal. [Your Company Name] will confirm orders within 24 hours of receipt.
Forecasting
[Your Company Name] will provide sales forecasts and inventory levels on a monthly basis to assist [Second Party] in planning and inventory management.
VI. Pricing and Payment Terms
Pricing
Pricing for the products will be as listed in Exhibit C. Prices are subject to adjustment annually based on changes in cost of goods.
Payment Terms
Payments are due within 30 days of receipt of invoice. [Your Company Name] will make payments via bank transfer to the account specified by [Second Party].
Invoices
[Second Party] will submit invoices electronically. Invoices must include purchase order numbers and itemized product details.
VII. Delivery and Logistics
Delivery Schedule
Deliveries will occur twice a week on Mondays and Thursdays. Specific times will be coordinated with [Your Company Name]’s receiving department.
Delivery Locations
Deliveries will be made to [Your Company Name]’s warehouse located at [Warehouse Address].
Logistics
[Second Party] will be responsible for all shipping costs and logistics arrangements. Risk of loss will transfer to [Your Company Name] upon delivery.
VIII. Quality Assurance
Quality Standards
All products must comply with the quality standards specified in Exhibit B. [Second Party] will perform regular quality checks and provide documentation upon request.
Defective Products
[Your Company Name] will inspect products upon receipt and notify [Second Party] of any defects within 48 hours. [Second Party] will replace defective products at no additional cost.
IX. Warranties and Representations
Supplier Warranties
[Second Party] warrants that all products supplied are free from defects, conform to the specifications, and comply with all applicable laws and regulations.
Mutual Representations
Both parties represent that they have the authority to enter into this Agreement and fulfill their obligations.
X. Confidentiality
Confidential Information
Both parties agree to keep all Confidential Information received from the other party confidential and not to disclose it to third parties without prior written consent.
Obligations
The obligation of confidentiality will survive the termination of this Agreement for a period of three years.
XI. Term and Termination
Initial Term
This Agreement will commence on [Date], and will continue for a period of one year.
Renewal
The Agreement may be renewed for additional one-year terms upon mutual written consent.
Termination
Either party may terminate the Agreement with [00] days’ written notice. Immediate termination is allowed in case of a material breach.
XII. Indemnification and Liability
Indemnification
[Second Party] agrees to indemnify and hold harmless [Your Company Name] from any claims, damages, or liabilities arising from defects in the products.
Limitation of Liability
Liability for any claim arising under this Agreement shall be limited to the amount paid by [Your Company Name] for the affected products.
XIII. Dispute Resolution
Governing Law
This Agreement shall be governed by, and interpreted and enforced in conformity with, the legal statutes and regulations of the State of [State].
Dispute Resolution Process
Any disputes that arise will first be addressed and attempted to be resolved through the process of mediation. Should the parties involved fail to reach a resolution through mediation, the matter will then proceed to be resolved through binding arbitration. Both the mediation and, if necessary, the binding arbitration will take place in the city of [City], within the state of [State].
XIV. Miscellaneous
Notices
Notices must be sent to the addresses specified in Section I and will be considered effective upon receipt.
Amendments
Any amendments to this Agreement must be in writing and signed by both parties.
Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements or understandings.
Severability
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will continue in full force and effect.
XV. Signatures
Execution
IN WITNESS WHEREOF, the parties hereto have executed this Grocery Store Supply Agreement as of the day and year first above written.
[Your Name]
[Your Company Name]
[Date]
[Representative's Name]
[Second Party]
[Date]
