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product supply agreement

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 Georgia, 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. The agreement typically includes details on pricing, delivery schedules, quantities, shipping and handling, payment terms, and other transactional specifics. It may also address issues of exclusivity, stipulating that the supplier will only sell certain products to that business, or that the business will only purchase certain products from that supplier. Additionally, the agreement should cover the return policies for defective or nonconforming goods, as well as conditions under which unsold goods can be returned. These agreements are governed by Georgia's commercial code and general contract law principles. It is important for businesses to ensure that these agreements are clear and comprehensive to avoid disputes and to ensure that both parties are protected under the terms of the agreement.

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Business

product supply agreement

Wall Street Quality Legal Services Customized for Main Street Businesses

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Business

product supply agreement

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