51Ƶ

Preferred Supplier Agreement for Singapore

Preferred Supplier Agreement Template for Singapore

A Preferred Supplier Agreement under Singapore law establishes a long-term relationship between a supplier and purchaser, typically offering preferential terms, pricing, and priority supply arrangements. The agreement is structured to comply with Singapore's Contract Act and related commercial legislation, incorporating local business practices and regulatory requirements. It usually includes detailed provisions for supply obligations, pricing mechanisms, performance standards, and dispute resolution procedures specific to Singapore's legal framework.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Preferred Supplier Agreement?

The Preferred Supplier Agreement is commonly used when organizations seek to establish strategic, long-term supply relationships with key vendors. This document, governed by Singapore law, formalizes preferential arrangements including priority supply, volume-based pricing, and service level commitments. It's particularly relevant for businesses requiring regular, reliable access to goods or services, and includes comprehensive terms covering supply obligations, quality standards, pricing mechanisms, and performance metrics. The agreement ensures compliance with Singapore's commercial laws while providing a robust framework for ongoing supply relationships.

What sections should be included in a Preferred Supplier Agreement?

1. Parties: Identification and details of the supplier and purchaser

2. Background/Recitals: Context of the agreement and relationship between parties

3. Definitions and Interpretation: Key terms and their meanings used throughout the agreement

4. Appointment and Scope: Terms of supplier appointment and scope of supply arrangement

5. Supply Obligations: Core obligations of the supplier including quality, quantity, and delivery terms

6. Pricing and Payment: Price structure, payment terms, invoicing requirements

7. Term and Termination: Duration of agreement and circumstances for termination

8. Warranties and Representations: Standard warranties regarding capacity, quality, and compliance

9. Liability and Indemnity: Allocation of risks and liability between parties

10. Confidentiality: Protection of confidential information

11. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms

What sections are optional to include in a Preferred Supplier Agreement?

1. Performance Metrics: Specific KPIs and service levels for measuring supplier performance

2. Data Protection: PDPA compliance obligations and data handling requirements

3. Insurance: Specific insurance coverage requirements and minimum coverage amounts

4. Intellectual Property: IP ownership, licensing arrangements and protection measures

5. Force Majeure: Provisions for handling unforeseen circumstances and their impact on obligations

What schedules should be included in a Preferred Supplier Agreement?

1. Products/Services Schedule: Detailed description of goods/services to be supplied including specifications

2. Pricing Schedule: Detailed pricing structure, including any volume discounts or pricing mechanisms

3. Service Levels: Detailed performance metrics, measurement criteria and reporting requirements

4. Technical Specifications: Detailed technical requirements and standards for products/services

5. Key Personnel: List of key contacts, responsible personnel and escalation matrix

6. Compliance Requirements: Specific regulatory, industry and quality compliance requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Supplier Agreement

Cost

Free to use

Find the exact document you need

Supplier And Distributor Agreement

A Singapore law-governed agreement establishing terms between supplier and distributor for product distribution rights and obligations.

Download

Multi Supplier Framework Agreement

A Singapore law-governed agreement establishing terms for multiple suppliers to provide goods or services under a single framework.

Download

Non Disclosure Agreement For Suppliers

A Singapore-law governed agreement protecting confidential information shared with suppliers.

Download

Supplier Managed Inventory Agreement

A Singapore-law agreement establishing supplier responsibility for managing customer inventory levels, including monitoring, replenishment, and related services.

Download

Manufacturer And Supplier Agreement

A Singapore law-governed agreement establishing terms between manufacturers and suppliers for production and supply of goods.

Download

Preferred Vendor Contract

A Singapore law-governed agreement establishing preferential terms between a customer and supplier for ongoing provision of goods or services.

Download

Agreement Between Supplier And Buyer

A Singapore law-governed agreement establishing terms between supplier and buyer for sale and purchase of goods or services.

Download

Vendors Agreement

A Singapore-law governed agreement establishing terms between suppliers and purchasers for goods or services provision.

Download

Vendor Partnership Agreement

A Singapore-law governed agreement establishing terms and conditions for vendor-partner business relationships.

Download

Preferred Supplier Contract

A Singapore law-governed agreement establishing preferential terms between a supplier and purchaser for ongoing supply arrangements.

Download

Goods Supply Agreement

A Singapore law-governed agreement setting out terms for the supply of goods between parties.

Download

Agreement Between Supplier And Distributor

A Singapore law-governed agreement establishing the terms and conditions between a supplier and distributor for product distribution arrangements.

Download

Retail Supplier Agreement

A Singapore-law governed agreement setting out terms between suppliers and retailers for the supply of goods for retail sale.

Download

Agreement Between Customer And Supplier

A Singapore-law governed agreement establishing terms between supplier and customer for goods or services provision.

Download

Vendor Quality Agreement

A Singapore-law governed agreement establishing quality standards and requirements between vendors and purchasers.

Download

Supplier Confidentiality Agreement

A Singapore law agreement protecting confidential information shared between a company and its supplier.

Download

Confidentiality Agreement For Vendors

A Singapore-law agreement protecting confidential information shared with vendors, incorporating PDPA requirements and local legal principles.

Download

Preferred Supplier Agreement

A Singapore law-governed agreement establishing preferential supply arrangements between a supplier and purchaser, including priority access and favorable terms.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it