A supply agreement template is an agreement by which a seller promises to supply all the specified goods or services that a buyer needs over a certain time and at a fixed price. More specifically, the buyer agrees to purchase the goods or services exclusively from the seller during that time. Generally, it works as a legal document which has the ability to specify the terms and conditions of supply. Moreover, it clearly defines its policy matters agreed by the vendor and the buyer at the time of contract. As far as chain supply management is concerned, the supply agreement is prepared to be utilized by a company and business to manage smooth supply. To use this agreement well, all the involved parties are required to sign it in order to deal with each other. Moreover, it binds the vendor to excellently provide their uninterrupted supply to the buyer. On the other hand, it further binds the buyer to pay for supplies as early as mentioned in it. Going further, the supply agreement states all essential terms and conditions under which one company will manufacture and supply goods to another. Importance of Supply Agreement: The supply agreement has colossal importance for the