A product supply agreement is an agreement in which a supplier sells products to a business, and specifies the terms for the transactions, including the price, timing, quantities, delivery, shipping, payment terms, exclusivity, return of defective or nonconforming goods, and return of unsold goods. A supplier may be a distributor, wholesaler, dealer, or merchant.

In Arizona, a product supply agreement is a legally binding contract between a supplier and a business that outlines the terms and conditions of the sale and purchase of products. These agreements typically cover various aspects such as pricing, order quantities, delivery schedules, shipping methods, payment terms, and exclusivity clauses. They may also include provisions for the return of defective or nonconforming goods, as well as unsold goods. Arizona follows the Uniform Commercial Code (UCC), which is a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions, including product supply agreements. The UCC in Arizona addresses issues such as the formation of contracts, obligations of the parties, and remedies for breach of contract. It is important for businesses to carefully draft and review product supply agreements to ensure that they are in compliance with applicable state statutes and federal laws, and to protect their interests in the transaction. An attorney with experience in contract law can provide valuable assistance in drafting, reviewing, and negotiating the terms of a product supply agreement to ensure it meets the legal requirements and business objectives of the parties involved.