Absolutely! It’s all on the table for discussion. You can negotiate terms to better fit your needs before signing on the dotted line.
You bet! There can be risks like being stuck with a supplier that doesn’t meet quality standards or changes in market demand that can leave you high and dry.
If the supplier drops the ball, the buyer can often find alternative suppliers, but it all depends on the terms set in the agreement.
That's a bit of a mixed bag! The duration can vary based on the negotiation, but many agreements last anywhere from one year to several years.
It's not as easy as pie. You'll usually have to meet certain conditions or timelines outlined in the agreement to terminate it without facing penalties.
Both sides can benefit! The supplier gets a guaranteed market for their products, while the buyer often gains a competitive edge by being the only one selling those goods.
An Exclusive Supply Agreement is a deal between two parties where one party agrees to supply products or services exclusively to the other, meaning no one else can sell those products in that area.
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