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Globalization has had a tremendous impact on trade and business all over the world. New products flood the market every year and often pass through the hands of international manufacturers, distributors, retailers and/or buyers before eventually reaching the public. Because so many people are now part of the process, it has become increasingly important to make sure the rights and responsibilities of each involved party are established early on in a business relationship.
One way to do this is with a product supply agreement, which specifies and establishes the terms on which a seller will supply products to a buyer. The agreement must be clearly written to ensure that any items transported can move smoothly through the process and quickly reach the hands of consumers. To that end, LegalZoom offers a sample Product Supply Agreement that will help ensure that all parties' business requirements are satisfied on a timely and complete basis, thus laying the foundation for a profitable and long-lasting relationship between supplier and buyer.
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