Product supply contract – this term refers to a type of contract, applicable in the area of Commercial Law, where a supplier of concrete goods and a buyer agree that regularly these goods will be delivered to the buyer against certain price. The goal of the product supply contract is to establish long-term business relations between the parties. On one hand, the supplier will be sure he has a permanent customer for these goods, and on another hand the buyer will be sure that he will receive regularly exactly these goods.
*Note that it is advisable to hire a lawyer who to draw your product supply contract which you wish to sign. Lawyers are qualified in Law and they know what terms and conditions should be implemented in such forms to protect your interests and to be in accordance with your needs; as well to consult you on the clauses of proposed product supply contracts to you for signing.