[Consulting] Received a request from A Company, which produces eco-friendly products, to review and revise an English standard supply contract.

Law firm Veat received a request from Company A, which produces eco-friendly products, to review and revise an English standard supply contract and provided it.

A standard supply contract is a document that anticipates similar contracts with numerous contractors in the future and pre-determines the contract content. As Company A was entering into a contract with Company B to supply its products, they requested a legal review of the English standard supply contract.

Veat thoroughly reviewed the standard supply contract and identified that reasons for contract termination and the scope of confidential information were missing or inadequately written. Based on related legislation such as the Civil Act, the Act on Consumer Protection in Electronic Commerce (Electronic Commerce Act) and the Act on Regulation of Standard Clauses (Standard Clauses Regulation Act), Veat added provisions regarding ▲provisions relating to the limitation of cancellation, ▲provisions relating to the cancellation of contracts by minors, ▲limitations of company’s liability, and provided it.

Law firm Veat, with experience providing drafting and review advice on numerous product supply-related contracts, helps to prevent potential disputes. Those who require legal review regarding the standard product supply contract are welcome to contact Law firm Veat.

Thank you.

From Law firm Veat