How Should Reorder Pricing Terms Be Defined in a Supply Agreement?

Reorder terms should define specifications, quantity breaks, validity, and repricing triggers.

Commercial terms should identify the contracting entities, covered products, responsibilities, and evidence of approval. Rights and remedies depend on the applicable agreement and law, so avoid assuming that a customary industry practice automatically creates the protection needed for a particular cross-border manufacturing relationship. Clarify recurring setup and development charges.