Document background
The Exclusive Vendor Agreement is a crucial commercial contract used when businesses in the Philippines seek to establish exclusive supply relationships with vendors for products or services. This document is particularly relevant when a company wants to secure a sole supplier for specific goods or services within a defined territory or market segment. The agreement must comply with Philippine law, including the Civil Code, Code of Commerce, and Competition Act, while addressing key commercial aspects such as exclusivity terms, minimum purchase commitments, and quality standards. It's commonly used in situations requiring guaranteed supply arrangements, brand protection, or market development strategies, and includes provisions for both parties' obligations, performance metrics, and risk allocation. The document should be carefully structured to ensure enforceability under Philippine jurisdiction while protecting both parties' commercial interests.
