Which agreement document outlines the expectations of both parties?

The supply agreement is a formal document that establishes the expectations and obligations of both parties involved in a transaction. It typically details the terms of service, responsibilities, pricing, delivery schedules, quality standards, and dispute resolution processes. This contract is legally binding and serves to protect the interests of both the supplier and the buyer, ensuring that each party understands their role and responsibilities in the relationship.

The supply agreement provides a comprehensive framework for the partnership, reducing the risk of misunderstandings and conflicts that could arise during the course of business. By clearly outlining expectations, it enables both parties to align their objectives and work towards a common goal. This alignment is crucial for successful collaboration and supply chain management.

Other terms like supply strategy, supply report, and supply proposal do not fulfill the same role. A supply strategy focuses on the overall plan for sourcing and procurement, a supply report generally provides information or analysis on performance or status, and a supply proposal is often an offer made by a supplier outlining the terms they are willing to provide services or goods. These documents may support aspects of the supply relationship but do not serve as the primary agreement detailing the specific expectations of both parties involved.