[Consultation] Preparation and Review of Goods Supply Agreement

Veat drafted and reviewed the goods supply agreement for A Company, a smart device manufacturer, based on a request from A Company.

Veat reviewed the matter from A Company’s perspective regarding the supply agreement involving parts supplied by A Company to B Company and finished products manufactured by B Company provided to apartments.

Specifically, considering the fact that the supply agreement between B Company and the apartment was concluded approximately two years before the apartment’s completion, and the fact that A Company needed to acquire production capacity by confirming B Company’s anticipated order quantities, Veat stipulated that the supply agreement be provided to A Company, as it was agreed upon between B Company and the construction company.

Furthermore, Veat added a clause regarding exclusive supply, ensuring that B Company could not obtain similar parts from third parties during the contract period, enabling A Company to conduct the goods supply agreement smoothly. In addition, Veat revised various items related to inspection, AS procedures and methods, order and supply procedures, and other items in a manner favorable to the supplier.

Regarding goods supply agreements, various types exist depending on the supply of diverse products such as commodities, pharmaceuticals, and agricultural products. Therefore, professional legal review is necessary when conducting such agreements considering the specific characteristics of the goods supply agreement.

Veat has experience drafting and reviewing numerous goods supply agreements, incorporating various conditions from the client’s perspective. Please contact Veat if you require drafting and reviewing a goods supply agreement.

Thank you.
Veat Law Firm