A Supplier Rebate Agreement is a contract between a business or individual (supplier) and another party (client), which outlines the terms and conditions of both parties when it comes to providing supplies. It details the cost of the materials being supplied, as well as any discounts, rebates, and other incentives that are available. The agreement must be agreed upon by both parties in order for the relationship to continue. Ultimately, these agreements ensure that suppliers provide high-quality products at competitive prices to their clients.