Supply Agreement

• DateAgreement madeThis Agreement is made on 1 September 2026.1 Sep 2026Page 1
• DateTerm startsThis Agreement commences on 1 September 2026.1 Sep 2026Clause 2.1
• DateInitial Term endsThe initial term of two years ends on 31 August 2028.31 Aug 2028Clause 2.1
• NoticeAutomatic renewalAt the end of the Initial Term the Agreement renews automatically for successive periods of twelve months.From 31 Aug 2028Clause 2.2
• NoticeNotice of non-renewalEither party may stop renewal by giving the other written notice of non-renewal at least sixty days before the end of the then current term.By 2 Jul 2028Either partyClause 2.2
• MoneyBottle priceUS$0.085 eachThe Buyer pays the Supplier US$0.085 for each 500 ml bottle.Buyer to SupplierClause 4.1
• MoneyCap priceUS$0.021 eachThe Buyer pays the Supplier US$0.021 for each cap.Buyer to SupplierClause 4.2
• MoneyLabel priceUS$0.034 eachThe Buyer pays the Supplier US$0.034 for each printed label.Buyer to SupplierClause 4.3
• DatePrices fixedThe prices in clauses 4.1 to 4.3 are fixed until 31 August 2027.Until 31 Aug 2027Clause 4.4
• NoticePrice change noticeAfter 31 August 2027 the Supplier may change its prices once in each Contract Year by giving the Buyer at least thirty days' written notice.From 1 Sep 2027Supplier to BuyerClause 4.5
• MoneyCap on price increase6%No price increase under clause 4.5 may exceed six per cent of the price it replaces.From 1 Sep 2027Supplier to BuyerClause 4.6
• DutyPayment currencyAll prices and payments under this Agreement are in United States dollars.Buyer to SupplierClause 4.7
• MoneyFirst Order priceUS$16,800The Buyer pays the Supplier US$16,800.00 for the first Order of 120,000 bottles, 120,000 caps and 120,000 labels.Buyer to SupplierClause 5.1
• DateFirst Order shipmentThe Supplier ships the first Order by 30 September 2026.By 30 Sep 2026Supplier to BuyerClause 5.2
• MoneyMinimum volume shortfallUS$0.01 eachIf the Buyer orders fewer than 600,000 bottles in any Contract Year, the Buyer pays the Supplier US$0.01 for each bottle short of the Minimum Volume.Every year on 31 AugBuyer to SupplierClause 6.1
• DutyShortfall invoiceThe Supplier invoices the shortfall sum within thirty days after the end of the Contract Year concerned.By 30 Sep 2027Supplier to BuyerClause 6.1
• DutyOrder lead timeThe Buyer places each Order in writing at least twenty-one days before the shipment date it requires.At least 21 days before the required shipment dateBuyer to SupplierClause 7.1
• DutyOrder confirmationThe Supplier confirms each Order in writing within three Business Days after receiving it.Within three Business Days after receiving the OrderSupplier to BuyerClause 7.2
• DutyDelivery to ForwarderThe Supplier delivers the Goods to the Forwarder at the Forwarder's warehouse in Miami, Florida.Supplier to BuyerClause 8.1
• DutyInvoice on shipmentThe Supplier invoices each shipment of Goods on the date of shipment.On the date of shipmentSupplier to BuyerClause 9.1
• DutyPayment of invoicesThe Buyer pays each invoice within thirty days of the invoice date by wire transfer in United States dollars to the bank account shown on the invoice.Within 30 days of the invoice dateBuyer to SupplierClause 9.2
• MoneyEarly payment discount2%If the Buyer pays an invoice in full within ten days of the invoice date, the Buyer may deduct two per cent from that invoice.Within 10 days of the invoice dateBuyer to SupplierClause 9.3
• MoneyInterest on late payment1.5% a monthThe Buyer pays interest at one and a half per cent per month on any overdue sum, from its due date until the date of payment.From the due date until the date of paymentBuyer to SupplierClause 9.4
• DutyInspection and defect noticeThe Buyer inspects the Goods within ten days after they arrive in Georgetown and gives the Supplier written notice of any defect within that period.Within 10 days after the Goods arrive in GeorgetownBuyer to SupplierClause 10.1
• DutyReplacement of defective GoodsThe Supplier replaces any defective Goods at its own cost within thirty days after receiving the Buyer's notice.Within 30 days after receiving the Buyer's noticeSupplier to BuyerClause 10.2
• DutyWarranty on GoodsThe Supplier warrants that the Goods conform to the Specifications for twelve months from delivery.12 months from deliverySupplier to BuyerClause 11.1
• MoneyProduct liability insuranceUS$1,000,000 eachThe Supplier maintains product liability insurance with cover of not less than US$1,000,000 per occurrence.Supplier to BuyerClause 12.1
• DutyInsurance certificateThe Supplier gives the Buyer a certificate of its product liability insurance within ten days after the Buyer requests it.Within 10 days after the Buyer requests itSupplier to BuyerClause 12.2
• DutyConfidentialityEach party keeps confidential all information about the other party's business received under this Agreement, during the Agreement and for three years after it ends.During the Agreement and for 3 years after it endsEither partyClause 13.1
• DutyForce Majeure noticeA party affected by Force Majeure gives the other party written notice of it within five days after it begins.Within 5 days after the Force Majeure beginsEither partyClause 14.2
• NoticeTermination for Force MajeureIf the Force Majeure continues for sixty days or more, either party may terminate the Agreement by written notice to the other party.After the Force Majeure has continued for 60 daysEither partyClause 14.3
• NoticeTermination for breachEither party may terminate the Agreement by written notice if the other commits a material breach and does not remedy it within thirty days after receiving written notice of it.30 days after written notice of the breachEither partyClause 15.1
• MoneyLiability capThe total liability of each party shall not exceed the total amount paid by the Buyer under this Agreement in the twelve months before the claim arose.The 12 months before the claim aroseEither partyClause 16.1
• DutyNo liability for lost profitNeither party is liable to the other for any loss of profit or for any indirect or consequential loss.Either partyClause 16.2
• DutyDispute referred to managersA party refers any dispute to the senior managers of both parties, who have thirty days to resolve it by negotiation in good faith.Within 30 days of referralEither partyClause 17.1
• DutyCourt proceedings after negotiationIf the dispute is not resolved within that period, either party may refer it to the courts of Guyana, which have exclusive jurisdiction.After the 30-day negotiation periodEither partyClause 17.2
• DutyForm of noticesAny notice is in writing and sent by email to the address the receiving party has given for notices, with a copy sent by courier to that party's address set out above.Either partyClause 18.1
• DutyLabel artwork approvalLabels are printed to the artwork that the Buyer approves in writing.Buyer to SupplierClause Schedule 1

38 terms. Read 25 September 2026. Choose a row to see its clause in the contract.