Manufacturing AgreementA Manufacturing Agreement sets out the terms and conditions on which a manufacturer will produce goods for a purchaser.
This Manufacturing Agreement clearly defines the obligations of both the purchaser and manufacturer and the specific requirements of the goods to be manufactured, helping you avoid future disputes and miscommunications. It is drafted with terms that may be favourable towards the purchaser.
What does the Manufacturing Agreement cover?
Identification of the products that will be manufactured and sold under the agreement;
Standards and terms under which the manufacturer will produce the products;
Terms and conditions under which the purchaser will acquire the products;
Purchaser's acceptance or rejection of shipments;
Pricing and payment terms;
Indemnification and insurance;
The term of the agreement, termination rights, and obligations upon termination; and
Standard provisions such as limitation of liability, force majeure, assignment, choice of law, and dispute resolution provisions.