Document background
A Development And Supply Agreement is essential when one party engages another to develop specific products, technology, or solutions and subsequently supply them on an ongoing basis. This document is particularly relevant in the Australian business context where companies need to formalize complex development projects followed by supply arrangements. It combines elements of a development agreement with supply terms, making it suitable for scenarios where the development phase leads directly into a supply relationship. The agreement needs to comply with Australian legislation including the Competition and Consumer Act 2010, relevant intellectual property laws, and industry-specific regulations. It is commonly used in technology, manufacturing, and innovative industries where custom development is required before regular supply can commence. The document typically includes detailed specifications, development milestones, acceptance procedures, supply terms, quality requirements, and intellectual property provisions.
