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In this video tutorial, Lloyd Chatfield discusses supply agreements, which are contracts for the sale of goods between companies, also known as sales or purchase agreements. He emphasizes that the content is for informational purposes only and does not constitute legal advice. Chatfield identifies five primary issues that commonly arise in supply agreements: quantity, term, price, warranty, and liability. He begins by highlighting the importance of defining the quantity in the agreement, stating that it can often be straightforward, such as specifying that 100 widgets equals 100. The discussion aims to help viewers understand the key components of supply agreements and the common pitfalls to avoid.
