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Supply / Vendor Agreement Template
⚠️ Important Notice: This website is for informational purposes only and does not constitute legal advice. Under BCI rules, we are prohibited from soliciting work. No attorney-client relationship is created by purchasing this template. For specific legal advice, consult a qualified lawyer.
Supply / Vendor Agreement
For Indian Businesses Procuring Goods & Services
Version 1.0 — June 2026
- Protects against vendor under-delivery — clear scope, deliverables, and quality standards [citation:1]
- Ensures timely payment and delivery — defined payment terms, late fees, and delivery schedules [citation:1]
- MSMED Act compliance — mandatory 45-day payment window for MSME vendors; breach triggers Section 16 interest at 3x RBI bank rate, compounded monthly [citation:10]
- Essential for every business — whether you're buying raw materials, IT services, logistics, or professional services [citation:1][citation:10]
MSMED Payment Clock: The Purchaser shall make payment within 45 days of acceptance of goods. Breach triggers interest at 3x the RBI bank rate, compounded monthly, with no judicial power to reduce it [citation:10].
Warranty & Defective Goods: The Supplier warrants that goods shall conform to specifications. If defective, the Supplier shall replace, repair, or reimburse at Purchaser's option [citation:4][citation:1].
Inspection Period: The Purchaser shall inspect goods within 14 days of delivery. Non-apparent defects must be notified within 14 days of discovery [citation:4].
🔒 The full document includes detailed MSMED Act compliance, TDS/GST provisions, warranty terms, IP assignment, confidentiality, and comprehensive dispute resolution mechanisms.
- Manufacturers buying raw materials
- Businesses procuring IT or professional services
- Retailers sourcing inventory from suppliers
- Any business with regular vendor relationships
- Replace legal advice from a qualified lawyer
- Guarantee enforceability in all situations
- Create an attorney-client relationship
- Save ₹25,000–₹50,000 — this would cost 3-5x if drafted by a lawyer
- Save 2-3 weeks — lawyers take days to draft this
- MSMED Act compliant — protects you from costly interest claims [citation:10]
- Tax compliant — built-in TDS (Sections 194C, 194J, 194Q) and GST provisions [citation:10]
- Customization Manual included — you can tailor it yourself
- Risk Alert Checklist — avoid the 8 most common mistakes
- Instant download — pay, get it immediately
- ✅ Full Word document (13 Clauses + Schedules)
- ✅ Customization Manual
- ✅ Risk Alert Checklist
- ✅ 1 round of email support
- ✅ Everything in Template Only
- ✅ We customize it for your specific vendor engagement
- ✅ Tailored to your industry, products, and MSME status
- ✅ Delivered within 3 business days
— Procurement Head, Pune-based Manufacturing Company
Protect your supply chain and your business.
Get your professionally drafted Supply / Vendor Agreement today.
Buy Now — ₹8,000 + GST →UPI: 9820998399@apl
For support: legal@drivingdreams.in | UPI: 9820998399@apl
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