Procurement

All posts tagged Procurement

Parametric insurance: why adoption has become a must!

on August 27, 2024

In the insurance industry, blockchain technology is already proving to be a game-changer. With the increasing use of smart legal contracts, insurance companies can now benefit from increased transparency, and efficiency in their operations through the use of parametric insurance.

Smart legal contracts and parametric insurance are both technologies that can be used to automate and simplify certain aspects of insurance contracts and can be used together to create more efficient and reliable insurance products.

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Sale Agency agreement

on May 21, 2024

Sales Agency agreement

 2 parties      Duration, renewal and termination      Fees and targets      Intellectual property

What is a Sales Agency agreement?

A Sales Agency Agreement is a contract between a principal (typically a manufacturer or supplier) and an agent (sales representative or agency) who acts on behalf of the principal to promote, market, and sell the principal’s products or services to customers. This agreement establishes the terms and conditions under which the agent will represent the principal and earn commissions or other compensation for their sales efforts. To explore all the other available templates go back to the Marketplace.

Tips

  • Include Sales Targets: Establish realistic sales targets or quotas for the agent to meet. Clearly define the consequences for failing to meet these targets, such as adjustments to commission rates or termination of the agreement.
  • Address Territory and Exclusivity: Specify the geographic territory or market where the agent is authorized to sell the principal’s products or services. Clarify whether the agent has exclusive or non-exclusive rights to represent the principal.
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Sale of Goods agreement

on May 21, 2024

Sale of Goods Agreement

 2 parties      Purchase order      Delivery     Samples     Insurance      Renewal and termination      Liability

What is a Sale of Goods agreement?

A Sale of Goods Agreement, also known as a Sales Agreement or Purchase Agreement, is a legal contract between a seller and a buyer that outlines the terms and conditions governing the sale and purchase of goods. This type of agreement is commonly used in commercial transactions where goods are being bought and sold. Sale of Goods Agreement helps establish clear expectations and responsibilities for both parties, protects their interests, and promotes a smooth and successful transaction. To explore all the other available templates go back to the Marketplace.

Tips

  • Specify Pricing, discounts and delivery times: Clearly outline the purchase price for the goods, including any applicable taxes, fees, or shipping costs.
  • Address Delivery and Acceptance: Define the terms and conditions for the delivery of the goods, including the delivery date, shipping method, and location of delivery. Specify the procedures for inspecting and accepting the goods upon delivery.
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Reseller Agreement

on May 21, 2024

Reseller agreement

 2 parties      Collaborative working principles      Targets     Parterships level     Insurance      Renewal and termination

What is a Reseller Agreement?

A Reseller agreement is a legal contract between a manufacturer, distributor, or service provider (the “supplier”) and an independent party or company (the “reseller”) who agrees to purchase and resell the supplier’s products or services to end customers. The reseller essentially acts as an intermediary between the supplier and the end customers, buying products or services from the supplier at a wholesale price and then selling them to customers at a retail price. To explore all the other available templates go back to the Marketplace.

Tips

  • Protect Intellectual Property: Clearly define ownership rights to trademarks, logos, copyrights, and other intellectual property associated with the products or services. Specify how the reseller may use or display the supplier’s intellectual property.
  • Include Termination Provisions: Define the circumstances under which the agreement may be terminated, such as breaches of contract, insolvency, or changes in business conditions. Specify any notice periods and procedures for termination.
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Purchase agreement

on May 20, 2024

Purchase Agreement

 2 parties      Purchase order and delivery        Goods/products        Recurring payment        Risk and title        Claims

What is a Purchase agreement?

A Purchase Agreement, also known as a Sales Agreement or Sales Contract, is a legally binding document that outlines the terms and conditions of a purchase transaction between a buyer and a seller. It serves as evidence of the agreement reached between the parties regarding the sale of goods.
To explore all the other available templates go back to the Marketplace.

Tips

  • Conduct Due Diligence: Conduct due diligence on potential suppliers to assess their capabilities, reliability, and track record. Consider factors such as production capacity, financial stability, quality control processes, and reputation in the industry.
  • Address Title and Risk of Loss: Clearly define when title and risk of loss transfer from the seller to the buyer. Specify who is responsible for shipping, insurance, and any other costs associated with delivery.
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Long term supply agreement

on May 20, 2024

Long-Term Supply Agreement

 2 parties      Supplier order        Renewal and termination        Hardship      

What is a Long term supply agreement?

A Long-Term Supply Agreement is a contract between a supplier and a buyer that establishes terms and conditions for the supply of goods or services over an extended period of time. Unlike short-term supply agreements, which typically cover shorter periods or specific transactions, long-term agreements provide for a continuous and predictable supply relationship between the parties.

A Long-Term Supply Agreement provides both parties with stability, predictability, and assurance of supply over an extended period, allowing for better planning, cost control, and risk management.
To explore all the other available templates go back to the Marketplace.

Tips

  • Maintain Flexibility: Build flexibility into the agreement to accommodate changes in circumstances, market conditions, or business needs.
  • Clarify Supply Quantity and Schedule: Clearly specify the quantities of goods or services to be supplied and the schedule for delivery or performance.
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Licence to Merchandise a Fictional Character

on May 20, 2024

Licence to merchandise a fictional character

 2 parties      Sale target        Renewal and termination        Royalties         Territory

What is an Licence to Merchandise a Fictional Character?

A Licence to merchandise a fictional character is a legal agreement that grants permission to a licensee (such as a manufacturer, retailer, or merchandiser) to use and exploit the rights associated with a specific fictional character for commercial purposes. This license allows the licensee to produce and sell merchandise featuring the character, such as toys, clothing, accessories, collectibles, and other consumer products.
To explore all the other available templates go back to the Marketplace.

Tips

  • Specify Territory and Distribution Channels: Define the geographic territory where the licensee is authorized to sell the licensed merchandise and identify approved distribution channels. Consider whether exclusivity or non-exclusivity is appropriate for the licensee’s distribution rights.
  • Clarify Rights and Restrictions: Clearly define the scope of the license, including the specific rights granted to the licensee and any limitations or restrictions on the use of the character. Be explicit about which products and product categories are covered by the license.
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