Key Supplier Agreement Sample Clauses
A Key Supplier Agreement is a contractual provision that designates a particular supplier as essential to the operations or supply chain of a business. This clause typically outlines the terms under which the supplier will provide goods or services, including performance standards, exclusivity arrangements, and remedies for non-performance. By clearly identifying and formalizing the relationship with a critical supplier, the clause helps ensure continuity of supply and mitigates the risk of operational disruptions.
Key Supplier Agreement. Prior to the Closing, the Buyer shall use its commercially reasonable best efforts to facilitate the entering into by the Company, the Buyer and [* * *] of a binding Contract substantially consistent with that certain Memorandum of Understanding, dated [* * *], among the Company, the Buyer and [* * *]; provided, however, that the Buyer shall have no obligation to give any consideration to [* * *] in order to accomplish the foregoing.