Companies now have a new tool to address the intricacies and unique needs of the EMS contracting process, thanks to the recently updated IPC Sample Master Ordering Agreement for EMS Companies and OEMs .
Designed to encourage discussion between customers and EMS companies during negotiations, this well-researched sample agreement covers key terms and conditions for use in EMS transactions. Specific contracting issues such as inventory liability as well as order modification, cancellation and deferment are also included.
In addition, new sections on export controls and conflict minerals help companies address recent regulatory changes that have added complexity to the contracting process.
Updated by Fees & Burgess, P.C. in collaboration with the IPC EMS Management Council Steering committee, the sample document covers definitions, terms, termination, ordering, forecasts, shipment and delivery, pricing, other costs, new products, invoicing, cost savings, environmental laws, export controls, conflict minerals, product warranties and disclaimers.
The original document was developed over hundreds of hours by attorneys from Squires, Sanders and Dempsey, and industry volunteers from EMS and OEM companies.
IPC members may purchase a single-user download of IPC Sample Master Ordering Agreement for EMS Companies and OEMs for $500. The industry price is $800. For more information or to purchase the sample agreement, visit www.ipc.org/emsi-tc.