Select your state

Business

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 Mississippi, 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 supply of products. These agreements typically cover various aspects such as pricing, order quantities, delivery schedules, shipping logistics, payment terms, and conditions related to exclusivity or the return of defective, nonconforming, or unsold goods. The Uniform Commercial Code (UCC), which Mississippi has adopted, governs such transactions involving the sale of goods. It is important for businesses to ensure that these agreements are carefully drafted to protect their interests, comply with applicable laws, and clearly define the obligations and rights of both parties. It is advisable for businesses to consult with an attorney to navigate the complexities of these agreements and to ensure that the contract is enforceable and aligns with their business objectives.

Legal Articles

State Statutes

Wall Street Quality Legal Services Customized for Main Street Businesses

Wall Street businesses can often absorb great financial losses and plan to make it up in the next quarter. But for Main Street businesses, one legal misstep can lead to financial ruin for the company—and often for its owners. There are countless legal issues that, if mishandled, can lead to loss of customers, loss of revenue, loss of intellectual property, loss of employees, or loss of insurance coverage—and sometimes loss of your investment.

Don't be penny wise and pound foolish—for less than $1.75 per day, you can buy a LegalFix Small Business Legal Plan and get prompt access to a wide range of legal services from an attorney in your state.

Business

product supply agreement

Wall Street Quality Legal Services Customized for Main Street Businesses

Articles

Mississippi State Code

Mississippi State Code

Business

product supply agreement

Articles