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Que Significa Supply Agreement

11 Apr

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SpAs are used by large listed companies in their supply chains. A BSG can be used when a large number of materials are obtained by a supplier or in the case of a large-scale individual purchase. For example, 1000 widgets, all delivered at the same time. In addition, the production company is not allowed to keep materials, supplies or equipment for ransom for payment if they do not fulfill the service provided by the processing contract. This will remove many ambiguities in a general supply contract that will make it easier for foreign investors to secure their investments. Many foreign investors, who are diversifying their supply chains, are opting for Vietnam to manufacture and export their products. However, these changes in the supply chain can pose new challenges for a company, including work problems, poor factory conditions or product quality issues. Under Vietnamese law, a processing contract is an agreement between the parties, under which a processor performs, at the request of a supplier, product manufacturing work and the supplier receives the products and pays the corresponding costs. Suppliers or foreign investor would provide the raw material, including the agreed quantity, equipment, including documents, and instructions for the manufacture of the product. In another example, a GSB is often required in a transaction in which one company buys another. Since the SPA defines the exact nature of what is purchased and sold, the agreement may allow a company to sell its physical assets to a buyer without selling the naming rights associated with the transaction. Vietnam`s supply chains have grown considerably compared to a decade ago.

Today, the supply chain… The production process of various industries, such as oil, clothing and textiles, electrical appliances and motor vehicles, is increasingly expanding to more than one country, in order to reduce costs and use public incentives and free trade agreements. Given that there are so many quality control and commercial agents who offer one-stop sourcing services and online business-to-business (B2B) platforms that allow direct contact with suppliers, many will argue that it could be just as effective to use a subcontract and intermediary parties to do the job.

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