Document background
The Standard Supplier Agreement serves as a foundational document for establishing and managing supplier relationships in the Philippine business context. It is designed for use when a company needs to formalize its relationship with suppliers of goods or services, whether for one-time or ongoing supply arrangements. The agreement incorporates essential elements required under Philippine law, including the Civil Code requirements for valid contracts, while addressing commercial aspects such as ordering processes, quality standards, and payment terms. This document is particularly valuable for businesses operating in the Philippines that need a standardized approach to supplier management while ensuring compliance with local legal requirements. The Standard Supplier Agreement can be customized based on specific industry requirements, supply complexity, and risk profile of the business relationship.
