In a Hardware Supply Agreement, a buyer and seller strike a deal. Typically, the seller agrees to meet the buyer’s needs in a particular area, such as computer equipment. The buyer agrees to deal with the seller, sometimes exclusively.
Locking in a Hardware Supply Agreement can ensure a good deal for both parties, while a badly written agreement can cause problems for one or both parties.
It’s important to formalise the supply of your hardware in a legal document to secure payment, limit liability and ensure that legal protections, rights and responsibilities specific to your business are set out in a contract.
What Is Included In A Hardware Supply Agreement?
We’ll include the following important clauses in a Hardware Supply Agreement:
- Payment obligations and processes
- Order processes
- Title and security interests
- Defects and warranties
- Term of the agreement
- Liability limitations re: specifications, quality, and loss suffered in connection with this agreement
- Termination processes
We’ll also draft a cover page so that you can reuse this agreement with different customers. With our simple drafting, our contracts will be clear and easy for your customers to understand.
Wondering whether you need a Hardware Supply Agreement? Feel free to reach out to us at firstname.lastname@example.org or on 1800 730 617 to find out more!
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