A Draft Supply Agreement is a legally binding agreement between two parties that outlines the terms and conditions for supplying goods and/or services. This agreement usually covers essential components such as price, delivery timeline, payment terms, and any obligations or rights of either party. The agreement must be signed and dated by both parties to make it official, so be sure to read the finer details carefully before signing anything. Draft Supply Agreements are not just important for ensuring all expectations are met; they also guarantee the security of the involved parties in the transaction.