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Contract & Commercial Law vocabulary · Commercial Agreements

Supplier

Meaning in contract & commercial law, with examples

/səˈplaɪə/nounCore term

In contract & commercial law, supplier means: A business that provides goods or services to another business, usually under a supply agreement or individual purchase orders.

In Turkish: tedarikçi, satıcı

How it is used

In contracts the parties are often defined as 'the Supplier' and 'the Customer' or 'the Buyer'. Typical topics are the supplier's obligations, delivery, quality standards, price changes and the right to switch to another supplier.

Example sentences

  1. The supplier must notify us at least 60 days before any price increase.

  2. We are looking for a second supplier to reduce our risk.

Common collocations

  • supply agreement
  • preferred supplier
  • sole supplier
  • supplier obligations
  • switch suppliers
  • terms and conditionsThe standard rules that a business applies to all its sales or services, usually published on its website, in quotations or on the back of order forms.
  • distribution agreementA contract under which a distributor buys products from a manufacturer and resells them in its own name in an agreed territory.
  • service level agreementA contract, or part of a contract, that sets measurable standards for a service, such as availability or response times, and says what happens if they are not met.
  • retention of titleA clause in a sale contract stating that the seller keeps ownership of the goods until the buyer has paid for them in full.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Commercial Agreements

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This page explains English vocabulary for learners. It is not legal advice.