Document background
The Development And Supply Agreement is essential for businesses engaging in collaborative product development that leads to ongoing supply relationships in the Philippines. This document is particularly valuable when one party possesses development capabilities while another seeks both development services and subsequent product supply. It addresses the complete commercial relationship from initial development through to regular supply, incorporating crucial elements such as intellectual property rights, technology transfer, quality standards, and supply terms. The agreement must comply with Philippine legal requirements, including the Civil Code, Intellectual Property Code, and Technology Transfer Act. It's commonly used in manufacturing, technology, and industrial sectors where custom product development is followed by regular production and supply. The document provides comprehensive protection for both parties by clearly defining development responsibilities, acceptance criteria, supply obligations, and commercial terms while ensuring compliance with local Philippine regulations and industry standards.
