General Terms and Conditions
Both the tactical and the operative buyer need to understand, and preferable be able to write, your organizations General Terms and Conditions in order manage the commercial risk. Let us study some real examples.
Adding General Terms and Conditions to your Purchase Order allow you to manage your supply chain risk in a basic way. How your General Terms and Conditions shall be written is of course specific to your business but by studying a real life example we can get the basic understanding (25 minutes).
General Terms and Conditions and Frame Purchase Agreement.
Download Powerpoint slides presented in the course.
Introducing Volvo's General Purchasing Terms and Conditions as an example of Purchasing Terms and Conditions
Page 1 include, for example, paragraphs regarding which legal entities within Volvo who can use these T&Cs , Definitions, Conclusions of a purchase agreement and contractual documents and more.
Page 2 include, for example, Price and Payment Delivery and Passing of Title, Warranty for parts, Liability for defects or other non-conforming deliveries, Warranty for type- bound tooling ordered by Volvo.
Page 3 include, for example, Relocation of production, Code of conduct- environmental concern, Intellectual Property rights and Provision of parts.
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