Document background
The Commercial Supply Agreement is essential for businesses operating in India that engage in regular supply relationships for goods or materials. This document is typically used when establishing long-term supply arrangements between commercial entities, where one party agrees to supply specific goods to another on a recurring basis. The agreement needs to comply with Indian commercial law, including the Indian Contract Act, 1872, Sale of Goods Act, 1930, and relevant GST regulations. It covers crucial aspects such as product specifications, pricing mechanisms, delivery terms, quality standards, and risk allocation. The document is particularly important for businesses requiring consistent supply of materials or products for their operations, providing legal certainty and clear commercial terms for both parties.
