Document background
The Exclusive Purchase Agreement is commonly used in Singapore's commercial landscape when businesses seek to establish strong, exclusive supply relationships. This document is particularly relevant when a buyer wishes to secure exclusive rights to purchase specific products or services from a supplier, often in exchange for volume commitments or other commercial benefits. The agreement, governed by Singapore law, typically includes detailed terms on exclusivity scope, duration, pricing mechanisms, and minimum purchase obligations. It's essential for businesses looking to establish secure supply chains or strategic partnerships, particularly in industries where reliable access to specific products or services is crucial for business operations.
